Scunthorpe's Golden Wonder makes multi-million pound purchase in vending machine market
The Scunthorpe Golden Wonder Factory
By Scunthorpe Telegraph | Posted: 3 Jul 2017
The owners of the Golden Wonder crisp-making factory in Scunthorpe have made their second major acquisition in the British vending machine market.
In a multi-million pound deal the Northern Ireland based Tayto Group has bought the Bath-based firm of West Country Vending Service (WCVS).
WCVS which last year had a turn-over of £11 million, operates 5,300 vending machines in South-West England and South Wales ,
The latest deal means Tayto now has access to more than 12,500 vending machines and there are plans to further increase its share of the market.
Chief executive Paul Allen said: “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.
Although we are still in the very early days of our expansion into the GB vending sector, we are making large strides, building our profile and presence rapidly. We have acquired more than 12,500 vending machines in the space of a year which, in turn, has increased the Group’s turnover substantially.
“We are aiming for further growth within this sector as we continue to roll out our development plan, which opens up new distribution channels for Tayto Group products, alongside the extensive range of hot and cold drinks and confectionery that our machines carry.”
The Scunthorpe factory which is celebrating 70 years of trading this year now employs 360 people on the Colin Road site.