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
Cécile Béliot has assumed the role of Bel Group chief executive officer, following the decision to separate the roles of chairman and CEO. The separation of the functions will enable Bel Group to develop in three areas of healthy snacking. Meanwhile, the company’s former CEO, Antoine Fiévet, has had his mandate renewed as chairman of the board.
US Food and Drug Administration (FDA) Commissioner Dr. Robert Califf was grilled by lawmakers during a House Appropriations subcommittee hearing, where he was slammed over the agency’s handling of the escalating infant formula shortage.
Sweegen is ramping up its efforts to reduce sugar across F&B applications while simultaneously tapping into the benefits of using antioxidants and bitter blocking technology. Speaking to FoodIngredientsFirst, Casey McCormick, vice president of global innovation at Sweegen, says product developers can find a broad range of solutions in Sweegen’s nature-based sweetener systems as brands elevate better-for-you foods.