Vendors Exchange Acquires American Vending Machines To Expand Remanufacturing
Cleveland Ohio, November 1, 2018 – Vendors Exchange International (VE) is excited to announce the acquisition of American Vending Machines (AVM). Located in St. Louis, Missouri, AVM was founded in 1997 and is a remanufacturer and supplier of equipment and parts to the vending industry.
The combination of the companies along with the additional operating site will allow VE 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.
Matt Shene, CEO of Vendors Exchange International said, “I am excited about the acquisition. The ability of a company to serve its customers starts with its employees. 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 (VE) is a market leader in high quality, value based solutions for the vending industry, ranging from re-manufactured vending equipment to replacement parts, graphics to electronic repair. Through a culture of innovation, VE continues to introduce breakthrough advances such as the Revision Door, CURVE, UCB, VE Kiosk, and most recently the innovative Café CURVE.
For further information, call Vendors Exchange at 1.800.321.2311