Hertfordshire firm purchased by European vending specialists
Hertfordshire-based Express Vending has been purchased by European vending specialists Selecta Group for an undisclosed sum.
The firm, which was founded in 1992, has generated sales of more than £39m in the past year.
The acquisition looks to reaffirm Selecta’s position as a leading European provider of unattended self-service coffee and convenience food offerings.
David Flochel, CEO of Selecta, said: “This transaction is consistent with Selecta’s strategy of supplementing organic growth with carefully-chosen acquisitions and we are very happy to welcome Express and its employees to the Selecta family.
“Our intention for Express Vending is to let it operate as a stand alone organisation focusing on London and to allow the team to continue on its well proven growth trajectory.”
Brian Donne, founder of Express Vending, added: “This transaction is an exciting next step for the company. Selecta is well-placed to comprehensively support the continued rapid growth for the business under the leadership of Paul Hearne, executive director, and his management team.
“Our customers will benefit from the increased offering that Selecta brings and our employees can be part of an international, successful company with career opportunities.”