Irish family-run food truck and trailer Reward Catering has been acquired by Swedish industrial group Teqnion in a multi-million-euro deal.
Reward Catering, which designs and manufactures high end food trucks for the European and US markets, has a turnover of around €3.5 million, with net profit close to €1 million. Although the trucks are mainly used for food and drink businesses, they have other uses, including DJ stands, hair salons and marketing vehicles. They are supplied to companies all over the world.
The Covid 19 Pandemic boosted the business as outdoor hospitality soared in popularity. “We were already on a very strong upward trend, but I’d say Covid definitely accelerated it,” Mr Ward said.
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