Nascent is firmly established as a one of Mexico’s largest food distributors. Mexico imports approximately $120 billion in food and beverage products from the United States, and the company is expected to gain a significant share with its exclusive distribution agreements.
In June of last year, Nascent acquired all the assets of The Piancone Group International, which provided the company with all of its existing accounts in the Baja California region and an exclusive Distributorship Agreement with Miller beer.
The company plans to continue acquiring other distribution companies which possess strong brands and licenses that can be added to their existing business. Nascent is currently evaluating several potential acquisitions and anticipates closing many of them in 2007.
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