Nascent Food Service announced this morning that it has acquired Comercial Targa S.A. de C.V, a leading imported cheese distributor. The distributor is focused on the Baja California region and sells its products under the brand names of Nery’s and Nery’s Choice.
Sandro Piancone, CEO of Nascent, stated, “With Targa comes one of the most popular cheese brands in Baja. Our plan is to roll out these products to existing chain store customers and new customers in other states. Comercial Targa has done a phenomenal job in a market that represents just 5% of the population. I’m excited to see what we can do with it across the entire country of Mexico.”
“We are excited to be increasing our investment in Nascent,” stated Jim Buckman at York Capital Management. “We believe that Targa fits well with Nascent’s strategy of acquiring quality businesses with strong brands, and that Nery’s, one of the most popular cheese brands in Baja, will be an excellent complement to Nascent’s existing suite of products. The acquisition offers the opportunity to expand Nery’s product offering and leverage Nascent’s extensive distribution and merchandising infrastructure to successfully introduce Nery’s to the rest of the Mexican market.”
Comercial Targa has multiple distribution centers and sold approximately $7 million dollars worth of goods last year. The company’s primary products include Monterrey Jack, Mozzarella and Cottage Cheese, which are sold in nearly every grocery store and many restaurants throughout Baja.
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