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SW Sodexo

81.20
0.45 (0.56%)
Last Updated: 13:43:53
Delayed by 15 minutes
Share Name Share Symbol Market Type
Sodexo EU:SW Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.45 0.56% 81.20 81.20 81.25 81.45 80.45 80.85 19,429 13:43:53

Sodexo’s Convenience Business, InReach, Acquires Vending Leader, VendEdge

06/06/2022 2:30pm

GlobeNewswire Inc.


Sodexo (EU:SW)
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From May 2022 to May 2024

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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

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