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Fresh Healthy Vending To Acquire Corporate Refreshment Services' Micromarkets Division

Posted On: 2/25/2014

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TAGS: vending business, Fresh Healthy Vending International, Corporate Refreshment Services LLC, micro market

SAN DIEGO -- Fresh Healthy Vending International Inc. has entered into a nonbinding agreement to purchase an integrated micromarket platform and related assets and operations from Corporate Refreshment Services LLC, which is based in FHV's hometown.

The purchase will include all of the San Diego-based full-line vending company's micromarket locations, inventories, accounts receivable, software, systems and intellectual property.

FHV said it plans, upon closing of the proposed purchase, to rapidly increase the number of company-owned micromarkets in the San Diego area and offer the platform to its franchisees.

The healthy vending biz-op has reportedly award more than 205 franchisees in the United States, Canada, Puerto Rico and the Bahamas, and has installed some 2,300 vending machines.