Industry buying consortium Cedabond has welcomed the joint venture with trade association CEDA which was announced yesterday.
Both organisations’ approved the special resolution at their respective virtual assemblies on 16 September.
Cedabond chairman, Mike Nunn, said: “With the many challenges currently facing the catering equipment industry, and the hospitality sector in general, there has never been a greater need for all those involved in the equipment supply chain to come together in order to safeguard the future, and continued prosperity, of suppliers, dealers and end users.
“With this in mind the Cedabond board very much welcomes the decision, taken by its members at yesterday’s EGM, to enter into a formal joint venture with CEDA.”
He continued: “As the foodservice sector emerges from the Covid-19 pandemic, end users will be putting enormous pressure on the dealer network to provide the optimum customer experience. That means the very best price, service, support, design, technical advice and, above all, the highest standards of business ethics. Working in tandem no two organisations are better placed to deliver this than Cedabond and CEDA.
“We look forward to working ever more closely with our colleagues at CEDA and, in partnership with them, leading the catering equipment supply sector back to prosperity.”
Yesterday, Nunn released a joint statement with CEDA chair Derek Maher saying: “We are delighted that our respective memberships have voted overwhelmingly to approve the coming together of CEDA and Cedabond. There is a natural synergy between our aims and objectives with everything we do being for our members and the wider industry.”
They further detailed: “Whilst both organisations will remain with their independent identity, accounts and governance, in the short-term, work will be undertaken to closer align the two organisations’ resource and outputs to enable any transition to be as smooth as possible.
“We are extremely excited about what we can achieve together. We will collaborate, share knowledge and resource and lead this industry through recovery and back to growth.
“We exist for our members, are owned and governed by our members and deliver for our members and the industry in the UK, every day. We now have the opportunity to do so much more, together.”