Vendors Exchange Acquires American Vending Machines

Posted On: 11/12/2018

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CLEVELAND, OH -- Vendors Exchange International has acquired American Vending Machines (AVM). Located in St. Louis, MO, AVM was founded in 1997 and is a remanufacturer and supplier of equipment and parts to the vending industry.
 
VE said the combination of the companies along with the additional operating site will allow it to better serve its customers by generating shorter lead times and more cost-effective solutions. The St. Louis facility will provide added manufacturing space and a highly skilled workforce. Andy Hayes, owner and founder of AVM, will remain with the combined company and continue to serve the existing customer base while leading new growth initiatives.

 "I am excited about the acquisition. The ability of a company to serve its customers starts with its employees," said Vendors Exchange chief executive Matt Shene. "Andy is an energetic leader with a wealth of industry knowledge. He and his team will bring an added element to VE. I am looking forward to working together as we continue to drive toward our goal of better serving the industry."
 
Headquartered in Cleveland, Ohio since 1959, Vendors Exchange International provides solutions for the vending industry, ranging from re-manufactured vending equipment to replacement parts, graphics to electronic repair.  Its innovations include the Revision Door, Curve, UCB, VE Kiosk, and most recently the Café Curve.