JJ Foodservice is stepping up its strategy of new acquisitions, with the foodservice wholesaler targeting opportunities across various sectors to broaden its scope and strengthen its offering for caterers, including alcohol and convenience retail.
The company is already in discussions with potential partners to drive its acquisition strategy, and recently bought London-based wholesaler Gatelands Supplies as part of a strategy to increase its offering to Asian restaurants.
“The success of Gatelands Supplies has demonstrated our ability to execute acquisitions efficiently and deliver value for both new and existing customers,” said Kaan Hendekli, chief operating officer at JJ Foodservice. “We’re actively exploring opportunities with other businesses and are eager to build on this momentum to expand into additional sectors.”
Read more: JJ reports turnover drop to £249.6m
“Expanding into new categories and cuisines is key to meeting the evolving needs of our customers. “Our doors are open for any discussions around potential collaborations in the future,” he added.
JJ reported a drop in turnover to £249.6m compared £270m last year, with profits at £11.2m for the year ending March 31, 2024. The wholesaler put this down to challenging market conditions, with the company remaining focused on long-term growth despite high inflation making it challenging for customers to manage costs.
