Buffett Buys British Vending Machine Maker for £690 Million

Warren Buffet

Marmon Group Buys Drinks Dispensing Division of British Engineering Company IMI. The move is the latest in a string of bolt-on acquisitions that the investment firm has made in the US and Europe.

Seeing Warren Buffet expand his empire is nothing new. This deal sends all IMI employees to Marmon Group which from now on will be investing to the business. IMI stated that after seeing its revenues go down a decision to focus on industrial markets has been made.

What kind of impact will this ownership change have on the next quarter’s income for both companies? That’s a question making 2014 worth waiting for.

Seen on examiner.co.uk

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Posted in Global, UK
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