WAKEFIELD, MA - A&B Vending Co. Inc. has announced the acquisition of CC Vending, Inc., a wholly owned subsidiary of The Coca-Cola Bottling Co. of Northern New England based in Laconia, NH.
"CCNNE made a strategic decision to exits the full-line vending business," said A&B partners Ed and John Dooley. "They will, however, continue to engage in full-service beverage vending, in locations that were not part of the CC Vending transaction.
"This acquisition will enable us to better serve our existing New Hampshire clients," the Dooleys explained. "We plan to operate 10 routes out of the Laconia facility at the outset, and we will establish a dedicated sales presence in New Hampshire to insure future growth." Laconia is situated in the center of the state, north of the capital, Concord.
CC Vending's current general manager, John Raleigh, and his entire management team have elected to stay with A&B Vending.
Allan Z. Gilbert of The Merrimac Consulting Group (Topsfield, MA) served as financial advisor to A&B Vending during the transaction. The Merrimac Consulting Group is headquartered at 462 Boston St., Ste. 7, Topsfield, MA 01983, tel. (978) 887-9633.