US private-label coffee and tea producer, FreshBrew, has announced the sale of its vending division to foodservice company, Compass Group North America.
The vending division offers vending machines, micro markets and smart cafés. Following the sale, FreshBrew plans to focus on expanding its coffee, tea and extract product lines.
FreshBrew president and CEO, Al Ansari, said: “Due to the rapid growth and continued expansion of our coffee and tea division, we felt this was the ideal time to divest our vending operations. Compass is the nation’s largest vending operator and a leader in the foodservice industry, and we are confident they will continue to serve our loyal vending customers with the same quality and service standards as we have since 1997.”
He continued: “As we look towards the future, we are energised and excited to continue to provide innovative total beverage solutions to the world’s largest retailers and foodservice operators”.
Compass Group North America is the owner of Canteen Vending Services.
The financial terms of the deal have not been disclosed.
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