Word: entrant
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Dates: during 1960-1960
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Plant Restaurants. Most aggressive new entrant into vending-machine manufacturing is Chicago's Seeburg Corp., biggest U.S. jukebox manufacturer, which is run by 34-year-old Delbert W. Coleman (TIME, Oct. 27, 1958). Within the past 18 months, Seeburg has acquired four vending-machine makers (cigarettes, fresh brew and powdered coffee, soft drinks in bottles and in cups), added a fifth last week. Seeburg plans to bring out two new machines (milk and candy) in the near future to broaden its line. Coleman expects the company's sales to rise 15% to $26 million this year (35% from...