According to the U.S. Department of Agriculture, the U.S. exports roughly $120 billion in food and beverage products to Mexico. With the 12th largest economy in the world, and a booming tourist industry, Mexico is an ideal spot for companies looking to capitalize in the food and beverage industry.
Realizing the potential and the competition that comes with it, Nascent Foodservice, Inc. (OTCBB: NCTW) distributes more than 2,300 national and proprietary items to more than 2,000 customers south of the border via18 distribution centers.
Through strategy and acquisition, Nascent has grown to hold exclusive agreements for many products, and was recently given exclusivity to distribute Miller Beer in Baja California, Mexico. Nascent also delivers brands such as Pillsbury, Nestle, Haagen Dazs, Heinz, Green Giant products for General Mills de Mexico to the hungry market.
The company’s distribution line targets three major customer types: foodservice customers like restaurants, hotels, cafeterias, and schools; franchise or chain establishments; and “autoservicio” clients which include Mexico’s largest supermarket chains.
As Nascent continues to expand, the company is pursuing additional acquisition opportunities from smaller Mexican-based distributors, researching and delivering Mexico’s specialty products to a growing market.
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