In Mexico there is only one nationwide distributor of imported products, and that company is Nascent Food Services. Nascent searches and imports products from all over the world including Italy, France, Spain, China, Japan, Taiwan, Holland, USA, Scandinavia and others, then distributes them to different channels throughout Mexico. The company takes an old fashioned approach to customer service, and goes out of the way to personally visit every client on a weekly basis.
The personal and professional service is made possible through Nascent’s 16 distribution centers spread throughout Mexico. This allows the company to keep all deliveries in house, so that no sub-distributors or contractors could potentially misrepresent the company. Mexico has more than 8,000 supermarkets and Nascent services every one of them with their line of over 2,000 products. The company has set a goal of adding at least 60 new products annually to their current roster.
Nascent imports and sells over 2,000 international food and beverage products into Mexico. Many of these brands are owned by the company and many of the larger brands are held under exclusivity. Some of the items that are exclusively distributed through Nascent are Miller Brewing Company products, Fiji Water, Hershey’s Chocolate and Heinz. These items are all sold through Nascent’s contracts managers, and shipped using Nascent’s own truck fleet.
Walmart, Costco, Sam’s Club and Gigante are some examples of the larger customers that account for nearly 40% of Nascent’s sales, but the company also services establishments as small as convenience stores and restaurants. In total there are over 240,000 contract accounts for the company. Nascent reported 4th quarter revenues of nearly $17 million in 2007, and for the year reported $42.4 million in revenues.
Let us hear your thoughts: Nascent Wine Company, Inc. Message Board