OWENSBORO, KY -- Canteen of Owensboro has acquired the vending businesses of Fischer Candy and RDM Sales, both based in Indiana.
The Fischer Candy acquisition includes the Evansville, IN, company's seven vending routes and its warehouse and was completed on Jan. 31. The transaction was facilitated by Marc Rosset of Chicago-based Professional Vending Consultants Inc.
Fischer also had more than $1 million in wholesale and Faygo beverage distribution sales. That portion of the business was sold at the same time to RDM Sales of Ferdinand, IN.
Then, on Feb. 28, PVC helped complete the threefold transaction with Canteen of Owensboro, which purchased the vending portion of RDM Sales, consisting of eight routes, and moved into its building to share space with the company, which still owns wholesale and OCS operations, a Verizon store and other businesses.
Most of Fischer Candy's and RDM Sales' employees have remained with Canteen of Owensboro, which is a franchise of Charlotte, NC-based Canteen Vending, a division of Compass Group.
PVC facilitated about 10 mergers and acquisitions last year, with values between 45% and 50% gross. The company can be reached at (312) 654-8910 or PVCInc1@aol.com