Sodexo’s Convenience Business, InReach, Acquires Vending Leader, VendEdge
June 06 2022 - 9:30AM
Sodexo, a leader in quality, multichannel, and flexible food
experiences, announced that its convenience business, InReach, has
acquired VendEdge, one of the premier full-service vending
companies in the southeastern U.S.
Leveraging InReach distribution Centers, Sodexo services clients
with or without on-site kitchens with fresh food, baristas, local
favorites, catered lunches, snacks and beverages.“The acquisition
of VendEdge – a company known for reputational excellence and
integrity -- supports our standing as a leader in the convenience
industry,” said Husein Kitabwalla, CEO, Food Transformation, Sodexo
North America. “With VendEdge acquisition we now have the right
platform to grow in the Southeastern US market as well as expand
our reach to clients without on-site kitchens who need premium food
and beverage options.”“The move we’re making with Sodexo not only
will add to Sodexo’s reach, but it brings opportunities and
benefits to our employees,” said Dennis Thornton, CEO. “We’re proud
to deliver our specialized focus on premium, full-serve vending to
Sodexo, and we’re excited to join a global leader in micro markets,
micro café, pantry, vending, and snack box solutions.” Sodexo’s
InReach is a leader in convenience solutions, meeting evolving
needs through dynamic spaces and providing delicious food and
drinks. In doing so, Sodexo’s InReach recharges wellness and
ignites productivity for clients. Along with the acquisition of the
vending business, Thornton will remain intimately involved in
leading the Vend Purchase Group – a separate company not impacted
by this transaction.
About Sodexo North AmericaSodexo North America is part of
a global, Fortune 500 company with a presence in 55 countries.
Sodexo provides quality, multichannel and flexible food
experiences, but also designs attractive and inclusive workplaces
and shared spaces, manages and maintains infrastructure in a safe
and environmentally friendly way, offers personalized support for
patients or students and even creates programs fostering employee
engagement. The company employs 90,066 people at thousands of sites
in all 50 U.S. states, Canada, Puerto Rico and Guam, and indirectly
supports tens of thousands of additional jobs through its annual
purchases of $20B in goods and services from small to large
businesses. Sodexo North America is committed to focusing on
tangible everyday gestures and actions through its integrated
services to create a better every day for everyone and build a
better life for all.
Heidi Bullman
Sodexo
Heidi.Bullman@sodexo.com
Sodexo (EU:SW)
Historical Stock Chart
From Mar 2024 to Apr 2024
Sodexo (EU:SW)
Historical Stock Chart
From Apr 2023 to Apr 2024