TAGS: vend broker, vending machine food, vending industry supplies, Master Wholesale and Vending Supply Inc., Jones Vend and OCS Distributing, Larry Jones, Pat Jones, office coffee service supplies
ST. LOUIS, MO -- Master Wholesale and Vending Supply Inc. (Jackson, WI) has entered into an agreement to acquire Jones Vend and OCS Distributing here, according to an announcement by the latter. The transaction was expected to be consummated by the end of January.
Jones Vend owners Larry and Pat Jones, who have run the organization for more than 42 years, plan to retire after completion of the acquisition. Larry said that the sale "will provide many opportunities to grow for my former employees and customers, and will allow the new company to be a major vending distributor in the Midwest."
Master Wholesale, which was founded by owner and president Randy Groth in 1988, will expand its geographic coverage in the Midwest and South. "We were kind of landlocked with our expansion," Groth reported, "and this allows many new doors to be opened."
Jane Jones will become vice-president and general manager of the Jones portion of the business, and other members of the Jones family also will continue to be employed at the company.