AN Italian coffee giant has acquired a family-run Scottish business.
The corporate team from national law firm Freeths said it advised Lavazza Professional UK limited on its acquisition of the entire issued share capital of Stirlingshire Vending (Scotland) Limited, trading as SV24-7 Vending.
Lavazza Professional is the industry leading vending and coffee machine arm of Luigi Lavazza S.p.A., an Italian manufacturer of coffee products.
READ MORE: Scottish ports announce new offshore wind alliance
SV24-7, a multi-award-winning business based in Alloa, provides vending and office coffee services.
The Freeths legal team was led by corporate partner Francis Dalton and supported by associate Shivani Fakey.
Dalton commented: “It was great to work with Lavazza on this strategic acquisition to strengthen its presence in the market as a national vending service provider.”
Jai Popat, of Lavazza, added: “We really enjoyed working with Francis and Shivani. With patience and good humour, they provided us with smart, practical advice and helped us to get the deal done in good time.
“We are looking forward to working with them again.”
A spokesperson for SV24-7 said: “The team at Lavazza Professional take pride in high service standards and reflect the same values as SV24-7 has always done.
“For this reason, it was a logical step for us to transition the operation to Lavazza Professional when the opportunity arose.”
The business was acquired for an undisclosed sum.
Why are you making commenting on The National only available to subscribers?
We know there are thousands of National readers who want to debate, argue and go back and forth in the comments section of our stories. We’ve got the most informed readers in Scotland, asking each other the big questions about the future of our country.
Unfortunately, though, these important debates are being spoiled by a vocal minority of trolls who aren’t really interested in the issues, try to derail the conversations, register under fake names, and post vile abuse.
So that’s why we’ve decided to make the ability to comment only available to our paying subscribers. That way, all the trolls who post abuse on our website will have to pay if they want to join the debate – and risk a permanent ban from the account that they subscribe with.
The conversation will go back to what it should be about – people who care passionately about the issues, but disagree constructively on what we should do about them. Let’s get that debate started!
Callum Baird, Editor of The National
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here