Vending machine company sold

An affiliate of US-based Lone Star Funds has acquired N&W Global Vending, a manufacturer of vending machines based in the UK.

N&W makes a range of food and drink vending machines and has a turnover of £4.6 million.

The business was purchased from private equity funds formed by Investcorp Investment Holdings and Equistone Partners Europe.

The current management team will remain with the company.

Andrea Zocchi, chief executive of N&W Global Vending, said: “I look forward to working with the new owners, as Lone Star will be a strong partner to work with over the next stage of N&W’s growth.”

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