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Coinmatic Canada acquires Venda Wash


August 19, 2011
By Administrator

August 19, 2011, Mississauga, ON – Coinmatic Canada Inc. has signed a definitive agreement to acquire Venda Wash, effective Aug. 31.

The acquisition increases Coinmatic's market share in Atlantic Canada, enhancing both companies' future growth and performance as well as offering better coast to coast coverage to clients and customers.

"We are excited about joining forces with Venda Wash. Our two organizations share a focus to the customer experience that can best be summarized as high integrity in all that we do, fair dealing and delivering exceptional levels of service," said Sean Smith, president and CEO of Coinmatic. "We plan to extend our focus to include commercial laundry solutions in Atlantic Canada and continue to grow our base of customers."

Venda Wash is Atlantic Canada's largest laundry route operator providing vended laundry equipment to a diverse portfolio of customers including both large and small private and public sector landlords.

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