Canteen Vending Services Inc. has acquired the vending and dining assets of CL Swanson Corp., the Madison, Wis.-based provider active in Wisconsin, Illinois, Iowa, Tennessee and Arkansas, from the Swanson family for an undisclosed sum, according to Steve Luccia, Canteen’s vending services division chief financial officer. CL Swanson, founded in 1945, had annual sales in excess of $40 million.
The acquisition does not include CL Swanson’s corrections business.
Luccia said Canteen acquired CL Swanson’s operating facilities in Rockford, Ill., Dubuque, Ia. And Springdale, Ark.
CL Swanson’s operations in Memphis, Tenn., Little Rock, Ark., Madison, Wis. and Milwaukee, Wis. will fold into Canteen facilities, Luccia said.
Dubuque, Ia. is the only market that Canteen did not already serve, Luccia said.
He said Canteen franchise in Jonesboro, Ark. is considering taking CL Swanson’s Jonesboro business.