US food management company Continental has acquired Michigan-based Northern Vending Company for an undisclosed figure.
Continental provides a wide range of refreshment services for businesses, including on-site corporate cafés, micro markets and traditional vending options. The company provides services to over 1,000 clients.
Meanwhile, Ann Arbor-headquartered Nothern Vending Company provides traditional vending, office coffee and water cooler solutions to businesses.
Continental claims that the acquisition of Northern Vending expands Continental’s client base with a “solid roster” of long-term customers.
As part of the acquisition, the entirety of Northern Vending Company’s staff will join Continental.
This is the sixth strategic acquisition made by Continental in nearly two years, as the company works toward achieving its long-term growth and expansion objectives.
Steve LaPorte, president of Continental’s refreshment services group said: “We have a substantial opportunity to enhance service for these clients with innovative technologies, and fresh offerings, which will, in turn, grow our other service lines.
“The upside of this deal has made an immediate impact by boosting the density of our business in the western part of our market.”
By Martin White
Recent reports reveal The Body Shop will shut up to half of its 198 stores in the UK and cut the size of its head office, incurring hundreds of job losses. According to the firm overseeing the restructuring of the beauty retailer, closures will begin this Tuesday.
Amidst brewing tensions, the US Federal Trade Commission (FTC) and a coalition of states are poised to take legal action as early as next week, aiming to prevent grocery giant Kroger’s $24.6 billion acquisition bid for Albertsons, Bloomberg reported.
The owner of Guinness and Baileys has hired financial service group Rothschild to explore the sale, which includes Pimm’s, fruit liqueur brand Safari and Pampero rum. Each brand could be offloaded individually or as a three, according to Sky News.