Lottery group swoops for Cheshire point-of-sale equipment manufacturer
A company which designs and manufactures lottery ticket dispensers and other retail point-of-sale display products has been sold to a Canadian buyer.
Fastrak Retail (UK), which is based in Macclesfield, has been acquired by Pollard Banknote.
Pollard has paid an initial consideration of £4m, plus working capital adjustments, with potential earn-out payments due in the future.
Founded in 2000 by John Barrett and Steve Matthews, Fastrak employs 26 staff and has its offices, factory and warehouse in Macclesfield.
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