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Issue Date: Vol. 43, No. 2 / February 25, 2003 - March 24, 2003, Posted On: 3/18/2003


FOLZ VENDING TO MERGE WITH ACMI

BOULDER, CO - (Posted March 18) America's largest bulk vending operation, Folz Vending Co. Inc. (Oceanside, NY) is merging with America's largest crane operation, Sugarloaf (American Coin Merchandising Inc.). Financial terms of the deal weren't disclosed and final execution of the agreement, expected in the second quarter of 2003, is subject to various conditions. A statement from ACMI indicated that a wholly-owned subsidiary of ACMI will acquire "substantially all assets" of Folz Vending and its subsidiary, Folz Novelty. Upon consummation of the transaction, Roger Folz, the founder and president of Folz, will continue his involvement as will the current Folz management team. Founded in 1949, Folz anticipates its 2002 revenues to total around $50 million.


Topic: Ahead of the Times: Music and Games

Articles:
  • NOVEMBER 20, 2006: Stories from the November, 2006, Ahead of the Times (Music & Games edition) email news dispatch…
  • NOVEMEMBER 13, 2006: Stories from the Ahead of the Times (Music & Games edition) email news dispatch…
  • AUGUST 17 NEWS: Raw Thrills, Play Mechanix Merge; Florida Jury Approves Adult Redemption; Merit Organizes Raids; AAMA President Forecast
  • AUGUST 14, 2006: Illinois To Pay Court Costs To Home Video Game Industry; Verdict Expected Today In Florida Gaming Arcades Trial; ICMOA Broadband Seminar; Target To Sell Mini-Jukebox; VNEA Charter Holders Workshop
  • JUNE 5, 2006: Lower CD Rates Possible In Future, Says AMOA Official; Global VR Finalizes UltraCade Purchase; Photo-Me Inc. Acknowledges Potential Suitor; Stinger Report Moves To Free Subscription Model; Downloading Jukes Make Wall Street Journal, Again

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