Nascent Wine Co. Inc. (OTCBB: NCTW) engages in the distribution of food and non-food products, offering nearly everything you’d find in the pantry as well as table settings and utensils. The company’s customers include grocery stores, convenience stores, hotels and resorts, schools, cafeterias and restaurants in the Baja region of California and Mexico, and Miami, Fla.
Nascent Wine dba Nascent Foodservice delivers more than 2,000 national proprietary-brand food and non-food products. The company has exclusive rights to distribute many big-name brands, including Miller Beer, throughout Baja Mexico.
Nascent’s current growth strategies focus on acquisitions. Following what Nascent calls fold-in acquisitions, the company buys “mom and pop companies,” leaves the warehouse and equipment and uses its owners, sales and experience and “folds” them into the company. The company’s recent acquisition gives Nascent nine new distribution centers.
The food service industry in Mexico is a $46 billion market. Nascent’s goal is to acquire the “mom and pop” companies that make up the majority of the industry, allowing the company to leave its footprint in a high-demand segment of the industry.
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