Delaware-based K&R Vending Services is Sodexo North America’s fourth vending acquisition within the last two years following deals to purchase Frontline Food Services, VendEdge and A.H. Management
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Founded in Marseille in 1966, Sodexo now operates across 53 countries | Photo credit: via Shutterstock
Sodexo North America’s convenience business, InReach, has acquired Delaware-based K&R Vending Services for an undisclosed sum.
Founded in 1978, K&R Vending Services operates food and beverage vending machines, micro markets and office coffee services across the eastern US states of Pennsylvania, New Jersey, Delaware and Maryland.
“The acquisition of K&R Vending represents another step in our larger food transformation strategy. This acquisition stands as a pivotal milestone within our all-encompassing strategy tailored to the food and beverage space, propelling our ongoing efforts to extend InReach’s influence and footprint throughout North America,” said Husein Kitabwalla, CEO of Food Transformation, Sodexo North America.
The deal follows Sodexo North America’s 2022 acquisitions of US vending and catering firms Frontline Food Services and VendEdge, as well as its deal to buy A.H. Management in July 2023.
Founded in Marseille in 1966 and now operating across 53 countries, Sodexo achieved 12% revenue growth in the 12 months ended 31 August 2023 to reach €23.7bn ($25.8bn) with group net profit rising 14% to €794m ($864m).