The acquisition of Cambridge Vending provides Montagu with an additional 1,500 vending machines located across the Cambridgeshire area, bringing the total number of machines operated by Montagu across GB to more than 13,000.
Paul Allen, Tayto Group CEO explains: “Although we are still in the early days of growth within the GB vending sector, we are making large strides, building our profile and presence rapidly within the regions. The acquisition of Cambridge Vending is an important aspect of our growth strategy through which we hope to gain a national platform.
“As a result of Montagu’s three vending acquisitions, we have acquired more than 13,000 vending machines in just over a year which, in turn, has increased the Group’s turnover substantially.
“With more than 30 years of service across the east of England, Cambridge Vending has built up an impressive customer base with strong year-on-year growth. We believe Montagu can build on this success to drive the business within this high growth economy.”
Cambridge Vending was established in 1986 by the Sutcliffe family and it has grown organically in the last three decades. It turns over around £3million pa and is an established provider of hot and cold drinks and snacks across various sectors.
The acquisition of Cambridge Vending includes 1,500 machines, hundreds of which are equipped with cashless technology, which is an area on which the Montagu Group is focusing.
Paul concludes: “This new acquisition will help to pave the way for further expedited growth for Montagu Group.”
Fast-growing, specialist vending-solutions company, Montagu Group Limited, is owned by the Hutchinson family, which also owns the brand portfolio of the Tayto Group. Montagu Group has completed a number of major acquisitions since its inception in 2017 and now employs more than 400 people. It operates more than 13,000 vending machines across GB and its head office is located in Leeds.
During the last 12 years, Tayto Group, which produces Tayto’s range of crisps and snacks at Tayto Castle, Co Armagh, has also acquired iconic crisp and snack brands, Golden Wonder, Real Crisps, Mr Porky, Jonathan Crisp and Portlebay Popcorn through its parent organisation, Tayto Group. Across the Group, more than five million packets of crisps and snacks are produced each day at its six UK factories. For further information, visit www.tayto.com.
Tayto Group CEO Paul Allen
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