Nascent Wine Company, Inc the only nationwide distributor of imported products in Mexico, announced today it has signed a non-binding Letter of Intent (LOI) to acquire Bodegas Herlomex S.A. de C.V. (dba La Bodega), one of Baja California’s premier bakery distribution companies.
La Bodega is a staple in the Baja California foodservice community, serving the state of Baja for more than 40 years, and operating a cash and carry operation that it opened 15 years ago to complement its foodservice delivery distribution. La Bodega has 2 locations from where it services bakeries, restaurants, bars and hotels with over 2,000 products including Westco bakery products, Unified Grocers Presto, Uniliver, and Nery’s Cheese products. La Bodega’s gross revenue for 2006 was approximately $6 million.
Sandro Piancone, CEO of Nascent, said: “We are excited about acquiring a landmark company such as La Bodega, allowing us to introduce our exclusive brands into their distribution network and leveraging their product line throughout our entire nationwide network.” Carlos Lopez, CEO of La Bodega, stated, “Our family has been in the foodservice and cash and carry industry for 3 generations, and we look forward to working with Sandro and his team to provide Nascent the benefit of the knowledge and experience we have gained in over 40 years of serving our customers.”
Share your thoughts: Nascent Wine Company Message Board