In order to establish itself as a highly positioned food and beverage distributor in Mexico, Nascent Foodservice, Inc. (OTCBB: NCTW) focuses on business strategy and acquisition, targeting the most profitable and viable businesses in Mexico.
Founded in 2001, Nascent has grown from a family owned cheese business to become the only broad-line nationwide distributor of imported food and beverage products in Mexico. The company currently services more than 8,000 hotels, restaurants, supermarkets, convenience stores and foodservice accounts such as Wal-Mart, Costco, Soriana, 7-ELEVEN and more.
To accommodate its leading role in a growing market, Nascent is expanding its distribution facilities. In December 2007 Nascent announced the opening of a new distribution center in Mexico City. The 30,000-foot warehouse will facilitate distribution of more than 2,000 products and will allow the company to consolidate operations and reduce expenses.
According to a recent CCM Research Report, if Nascent stays on track the company has what it takes to remain a demanding presence in Mexico’s food and beverage industry. The company’s scalable business model, proven fast revenue growth, lack of long-term debt, combined with operations in Mexico City, exclusive distribution rights and experienced management are great advantages in a highly competitive market.
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