Selecta Group has announces that it has acquired Express Vending Group Limited.
Express Vending is a privately-owned, UK supplier of premium vending services which has generated sales of more than £39 million in the past 12-month period.
Founded in 1992, Express does most of its business in London and the neighbouring counties and has a track record of double-digit, profitable sales growth and innovation.
It is intricately involved in micro market design in the UK. Its Express HUB, with its open plan refreshment area, extensive product range and self-scan kiosks, is said to complement Selecta’s Foodie’s micro market offering. Selecta intends to build upon Express Vending’s competitive strengths to help it continue to grow.
David Flochel, CEO of Selecta, commented: “This transaction is consistent with Selecta’s strategy of supplementing organic growth with carefully-chosen acquisitions and we are very happy to welcome Express Vending and its employees to the Selecta family. Our intention for Express Vending is to let it operate as a stand-alone organisation focusing on London and to allow the team to continue on its well-proven growth trajectory.”
Brian Donne, founder of Express Vending, commented: “This transaction is an exciting next step for Express Vending. Selecta is well-placed to comprehensively support the continued rapid growth for the business under the leadership of Paul Hearne, Executive Director – Express Vending, and his management team. Our customers will benefit from the increased offering that Selecta brings and our employees can be part of an international, successful company with career opportunities.”