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FOLZ VENDING TO MERGE WITH ACMI

Posted On: 3/18/2003

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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.