European vending and coffee services provider Selecta Group has sold Custompack, a manufacturer of portion-packed products, to PortionPack Europe.
Custompack, which was formerly known as Chequer Foods, focusses on the provision of items such as wet sauces, dry products and portion packing to its clients from its assembly facilities in Telford, UK.
The business generated net sales in excess of €20 million in the 12 months to the end of June 2018.
Selecta Group CEO David Flochel said: “Custompack is a good solid business. However, given our focus on being the leading unattended self-service convenience food and beverage operator in Europe, we feel Custompack is non-core and that its future growth can be better supported by a new owner.
“PortionPack operates in the same industry as Custompack, understands how the business works and can drive the business forward. Selecta will continue to source products from Custompack.”
PortionPack Europe CEO Sidney Moll added: “We are delighted to welcome Custompack Limited to the PortionPack Family. Custompack specialises in portion packing which is at the heart of our group and the company will sit alongside Single Source Limited, our existing UK portion pack business, also based in Telford, Shropshire.
“The management team will now explore synergies and how the two businesses can operate in tandem to enhance our customers’ experiences and continue to serve the UK and Ireland foodservice market with ‘passion for portions’.”
Last month Selecta expanded in the vending market with the acquisition of UK-based vending solution supplier Express Vending.
By Jules Scully
Source: FoodBev
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