Meed becomes sole distributor for Crane vending machines

A commercial agreement was signed yesterday between Meed Trading Company, a subsidiary of the Saudi-based Mawarid Group, and Crane Merchandising Systems, a division of US-based Crane Company, a diversified manufacturer of highly engineered industrial products, in which Meed Trading Company undertakes the role of sole distributor for Crane Vending Machines within Saudi Arabia.
The agreement was signed at Crane Co. MEA offices in Dubai and between Mark Youssef, on behalf of Crane MS, and Samir Mahmoud Abdulhadi on behalf of Meed Trading, in the presence of Hassan Soultani, MD, Meed Trading & Meed Express, and other senior executives from both companies.
"We have always viewed the Saudi Arabian market as having excellent potential in the vending business and finding the right partner in the right place and at the right time was crucial for us," said Mark Youssef, regional president, Crane Co. MEA, adding, " We are truly proud of this collaboration with such a quality-oriented company as Meed Trading."
Samir Mahmoud Abdulhadi, board member, Meed Trading Company, added: "Since its inception in 1989, Meed Trading has always pioneered the convenience store business throughout the Kingdom, utilizing state-of-the-art tools and techniques to develop, grow and meet the daily needs of its customers. The addition of the vending machine business at this point of time will ultimately enhance our customer base, while reinforcing our continuous commitment of providing the highest service standards and the best quality products."
Meed Trading Company is a Mawarid Group subsidiary that manages a chain of convenience stores. The chain grew steadily and quickly to cover 14 cities within the Kingdom, with over 235 units in strategic locations.
Crane Merchandising Systems is a global leader in driving vending solutions and innovation. It claims to be the only manufacturer to provide payment solutions, vending management software and wireless communication technology along with a full line of vending equipment.