Kitwave Group plc (AIM:KITW) is seeking acquisition opportunities. Kitwave Group announced that the Group has acquired the entire issued share capital of Total Foodservice Solutions Limited. Commenting on the Acquisition, Ben Maxted, Chief Executive Officer of Kitwave, said: "This acquisition is in line with Kitwave's growth strategy, and we will continue to seek to identify further opportunities in the UK's highly fragmented wholesale market to deliver further value to the Group and its shareholders".
Kitwave Group PLC is engaged in wholesale business with deposits and delivery through the United Kingdom. The Company specializes in selling impulse products, frozen, chilled, and fresh foods, alcohol, and groceries. Its segments include Ambient, Frozen, and chilled, and Foodservice. The Ambient segment provides delivered wholesale of ambient food, drink, and tobacco products. The Frozen and chilled segment provides delivered wholesale of frozen and chilled food products. The Foodservice segment provides delivered wholesale of alcohol, frozen, chilled, and fresh food to trade customers. The Company has approximately 30 depots across the United Kingdom. Its product range includes branded lines, branded drinks, crisps and snacks, beers and wines, bottled waters, weigh outs, and tobacco. It also offers wholesale commercial catering supplies. It specializes in in the supply of ice cream, ice lollies, and convenience frozen food. It also carries a core range of branded beers and wines.
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Investor
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Global
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Quality
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ESG MSCI
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