Just weeks after saying the acquisition of Cambridge Vending, Montagu Group has finished every other main acquisition. Montagu has purchased the business and property of 3 companies from AIM indexed Uvenco UK PLC; specifically Uvenco Vending, Snack-in-the-Box and Drinkmaster. The deal was once finished after the appointment of directors to the more than a few companies.
Montagu director, Paul Allen, stated: “When we lately introduced the purchase of Cambridge Vending, we have been already running in this deal as we see merchandising and ‘consumption on the go’ as a key space of growth for us. This acquire brings us every other 12,000 issues of sale, giving us a complete of greater than 25,000 around the team. It additionally broadens our geographical achieve as the corporate has places of work in London, Newport, Blackburn, Coventry and Liskeard and franchisees throughout the United Kingdom. We are extremely joyful with the addition of just about 200 staff to our team and an additional £15m of turnover. Our added scale and geographic expansion now puts us as the most important British-owned merchandising corporate.
“Snack-in-the-Box and Drinkmaster add new complementary areas for us. 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.”
Fast-growing, specialist vending-solutions corporate, Montagu Group Limited, is owned through the Hutchinson circle of relatives. The Group has finished various main acquisitions since its inception in 2017 and now turns over just about £50 million in line with annum and employs just about 600 folks.