Sanden Agrees to Accept Cup-Type Vending Machines Business from Toshiba Electric Appliances
March 7, 2011
Sanden Corporation has decided to accept the transfer of business concerning the development, design, sales, and servicing of cup-type vending machines from Toshiba Electric Appliances Co., Ltd., as of April 1, 2011.
Having progressively strengthened its operations in the cup-type vending machine field to meet consumer needs in Japan and overseas, Sanden is in agreement with the concept of reinforcing those operations with the cup-type vending machine technologies and know-how that Toshiba Electric Appliances has accumulated over many years. It has, therefore, agreed to accept the transfer of the cup-type vending machine operations of Toshiba Electric Appliances.
The scale of the European market for cup-type vending machines is comparable to that of the Japanese market for can/PET bottle vending machines. In 1988, Sanden acquired the Vendo Company, a venerable vending machine manufacturer with operations in the United States and Europe, and the cup-type vending machines of SandenVendo America, Inc., have been generating large business opportunities in the European market.
Going forward, plans call for integrating the cup-type vending machine technologies and know-how of Sanden and Toshiba Electric Appliances in a way that enables an even wider range of variant models than previously and ensures that Sanden can meet customers' requirements for the speedy provision of high-quality, highly reliable vending machines. In this way, the Company plans to progressively strengthen the expansion of its vending machine operations both in Japan and overseas.
Overview of Toshiba Electric Appliances Co., Ltd.
Name: Toshiba Electric Appliances Co., Ltd.
Address: 180, Furuichi-machi, Maebashi, Gunma Prefecture 371-0844