Houston-based FreshBrew, one of the largest private-label, coffee and tea producers in the U.S., announced the sale of its vending division to Compass Group North America, the owner of Canteen Vending Services. The sale is a strategic move by FreshBrew to focus the company's efforts and resources on the expansion of its coffee, tea and extract product lines.
"Due to the rapid growth and continued expansion of our coffee and tea division, we felt that this was the ideal time to divest our vending operations," said Al Ansari, president and CEO of FreshBrew. "Compass is the nation's largest vending operator and a leader in the foodservice industry, and we are confident they will continue to serve our loyal vending customers with the same quality and service standards as we have since 1997."
Over the last decade, FreshBrew has grown its vending division into the largest, independent market leader in the Texas region. The vending division maintained a strong focus on technology and healthy initiatives, offering safe, convenient and efficient transactions, as well as customized offerings such as micro markets and smart cafes, setting the company apart from its competition.
"I am very proud of our team and what we have accomplished with the vending side of our business," added Ansari. "This great result is a testament to their hard work and dedication. As we look towards the future we are energized and excited to continue to provide innovative total beverage solutions to the world's largest retailers and food service operators."
FreshBrew supplies award-winning coffee, tea and total beverage solutions to national foodservice, convenience stores, hospitality and the retail sector. With a 140,000-square-foot roasting plant and warehouse, the company can process approximately 70 million pounds of coffee annually and manufactures an array of products scalable to any client need, from whole bean coffee and cold brews to instant stick packs and single cups. Upon completion of its current expansion in the summer 2022, the company will increase its production to 100 million pounds each year.