Mon, 03 Jul 2017 | BUSINESS SALE
A Bath-based vending machine company with an annual turnover of £11m has been bought as part of a multimillion pound deal by a renowned crisp and snack maker.
West Country Vending Service has been purchased by Montagu Group, an affiliate company of Northern Ireland-based Tayto Group Ltd (TGL).
The family-owned West Country Vending manages and outsources vending machines, as well as selling them to a range of customers across sectors including business, industry and leisure.
The deal provides TGL, which owns the Golden Wonder, Mr Porky, REAL Crisps, Jonathan Crisp and Tayto brands, with access to 5,300 operational vending machines across the South West of England and South Wales.
Tayto Group's portfolio includes the most popular crisp brand in Northern Ireland and a client list that spreads across 43 countries. Overall, they produce in the region of 25 million bags of snacks and crisps each week.
Paul Allen, chief executive of the Montagu Group, said: "West Country is a long-established, route-based business with robust strongholds in the areas in which it operates. This acquisition is the next progressive step in our strategic development programme and increases our share of the GB vending-solutions sector significantly, bringing an extra 5,300 vending machines online.
"West Country is a disciplined and highly customer-focused business with a family-oriented ethos similar to the Tayto Group, which, along with its fixed revenue streams, made it an attractive proposition."
Tayto Group’s diversification into the vending solutions sector has significantly increased the company’s turnover. Over the last 12 years their revenues have risen from £19m to more than £215m.
Find food-related businesses for sale here
Subscribe to Business Sale Report here
A family run business in its third generation, supplying office furniture nationwide either directly or through white label websites on behalf of other retailers. Having built up an excellent reputation for the product range and service provided, the...
LEASEHOLD
Indicative offers are required by noon of Tuesday 22 September 2020, with a sale concluded by no later than the close of business on Friday 25 September 2020 and therefore only parties that are able to work within this time frame should respond.
Presenting to the market a well established 2 surgery practice due to the vendors plans to reduce responsibilities. Income is derived from fee per item patients and a large capitation scheme which equates to 32% of the practice income.
LEASEHOLD
|
18
|
|
Sep
|
Crane hire business acquired in seven-figure deal | BUSINESS SALE
Liverpool-headquartered A Mini Crane Hire has been acquired ...
|
17
|
|
Sep
|
Scottish accountancy firm expands with two new acquisitions | BUSINESS SALE
Scottish accountancy firm Goldwells has expanded with the ac...
|
16
|
|
Sep
|
Plymouth window manufacturer rescued in buy-out | BUSINESS SALE
A Plymouth window manufacturing business that formed part of...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources