Northern Ireland crisps and snacks giant Tayto has announced its third acquisition in weeks – making it the UK’s biggest vending machine company.
The deal, for an undisclosed sum, involves the purchase of Uvenco Vending, franchise business Snack-in-the-Box and Drinkmaster.
It adds £15m of turnover and 200 employees to the Tayto group.
The English firms have been bought from parent company Uvenco UK plc after they went into administration.
It’s Tayto parent company Montagu Group’s latest deal after buying the assets of failed Co Londonderry popcorn firm Pot Notch.
And earlier this month it announced the purchase of Cambridge Vending, while last year it bought another English vending company, Freedom Refreshments.
Tayto’s chief executive Paul Allen said vending machines and ‘on the go’ consumption were a key area of expansion for the company. “This purchase brings us another 12,000 points of sale, giving us a total of more than 25,000 across the group,” he said.
“It also broadens our geographical reach as the company has offices in London, Newport, Blackburn, Coventry and Liskeard and franchisees across the UK.
“We are delighted with the addition of almost 200 employees to our group and a further £15m of turnover.
“Our added scale and geographic growth now places us as the largest British-owned vending company.”
He said the acquisition of Drinkmaster and Snack-in-the-Box were bringing Montagu Group into new areas.
“Snack-in-the-Box is a UK-wide franchise operation, run through local franchisees who provide honesty boxes and vending machines.
“Drinkmaster manufactures and supplies sealed hot drinks such as coffee, tea, hot chocolate and soups, the sort of thing you often see on aeroplanes. All of these businesses have shown a real flair for innovation and pushing technological boundaries and that’s something we see as essential to our continued growth in the vending market.
“We look forward to meeting all of our new customers and building on the existing relationships they already had.”
On Tuesday Tayto announced that it had bought over the trademark, machinery and other assets of the Maghera firm Pop Notch.
Source: Belfast Telegraph