Compass buys UK's largest vending firm for £84m

23 July 2001
Compass buys UK's largest vending firm for £84m
Contract catering group Compass has bought Vendepac, the UK's largest vending business, for £84m. Vendepac, formerly owned by TM Group Holdings, has annual sales of £58m and a market share of 9% in the UK. It operates more than 28,000 food and drink vending machines. Subject to performance, Compass may pay a further £3m for the business, bringing the total to £87m. The acquisition of Vendepac means that Compass now owns the largest vending companies in the UK, North America (Canteen Vending) and Europe (Selecta). Mike Bailey, chief executive of Compass, said the purchase was an important move for the group. "Our ability to offer clients in North America an integrated food service and vending offer has been a significant factor in our business growth there," he said. Compass is the world's largest contract caterer employing more than 265,00 people in more than 90 countries with annual sales in excess of £8.3b.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking