UK-wide vape retail brand adds five North East stores to growing cohort

A retail vape brand has acquired Vapour Logic in a move adding a further five store outlets as part of its continuing acquisition programme.

The acquired stores are in the North East and bring the total number of Red Box stores across the UK to 19. The move is part of a plan to open at least 100 Red Box Vape stores by the end of 2020.

This will be achieved through the opening of brand new store premises as well as by acquisition.

Mark Shaw, managing director of Red Box Vape, said: “We are delighted to have concluded the transaction with Vapour Logic which will add a further £0.6m to our turnover.

“Vapour Logic operates in a number of locations where we don’t have any representation and so meets our philosophy of providing a welcoming retail outlet for smokers that wish to quit.”

Red Box Vape has previously announced the fact that it’s in acquisition mode with a pipeline of further potential deals, aligning with its goal to reach 100 stores.

Although Red Box has purchased 100 per cent of Vapour Logic, the existing director, Clayton Scott, is expected to remain within the business structure to ensure a smooth transition of ownership.

Shaw added: “Customers will notice very little change initially, particularly as the existing team share the same high standards of service that we do at Red Box Vape.”

Accountancy firm Coates & Partners - of Ashbourne in Derbyshire - acted as lead adviser in the Vapour Logic acquisition, with legal representation from London solicitors, Setfords.

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.