Friday, March 23, 2018 | Today's Vending Industry News
Fastcorp Bolsters Management Team, Widens International Presence

Posted On: 3/9/2018

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CHESTER, CT — Fastcorp Vending reports that it is moving into 2018 with new vigor. Late last year, the company appointed Peter Ricci as business development manager; he will work alongside vice-president Colleen Morris, a 14-year Fastcorp veteran.

Ricci brings 30 years' experience in sales and management to his new duties. He has a solid track record of developing national, global and military partnerships, and is eager to apply his skills to a new industry. He will be strongly involved in initiatives to develop relationships with large brands seeking to explore the use of robotic retailing to build their sales.

BoxScore Brands, a consumer products and technology company headquartered in Orange, CA and Las Vegas, NV, has chosen Fastcorp Vending as the exclusive manufacturer of automated retail machines. The company is using Fastcorp's technology to launch its new sports-themed Major League Baseball ice cream product this month,  and has plans to expand into additional sports organizations this year.

Fastcorp Asia Ltd. (FAL) is making its debut at the China International Vending Machines & Self-Service Facilities Fair in Guangzhou, China, March 4 through 6, where it will exhibit two of its new DIVI machines. The DIVI vender, designed and engineered in the United States, is a versatile machine capable of dispensing frozen, refrigerated or ambient products with its unique, reliable robotic vacuum delivery system.

Fastcorp has sold machines around the world, achieving success on the global stage for many years. It is now focusing tightly on Asian markets.  In January, the company finalized an agreement to establish a "Strategic Alliance Partnership" with Hontech, one of the top five leaders in machinery and vending equipment manufacture in China. Hontech, which originated in Taiwan, now has a design center in the People's Republic. Fastcorp Asia's office in Donghuan, in Guangzhou province, will allow the company to service the Asian more effectively and efficiently.

"The Asian opportunity for vending and automated retail is tremendous, especially in China," said Fastcorp chief executive officer Brian Weinstein. "We very much look forward to working with our Asian partners to significantly expand into these markets together."