North Tyneside-based wholesaler Kitwave has completed the acquisition of chilled products supplier Central Supplies for an undisclosed fee, as it looks to continue its expansion plans.
Based near Birmingham, Central Supplies has a turnover of around £50m and operate across the UK from two depots which offer products such as cheese, yoghurt and cold meats.
The purchase will provide Kitwave with a chilled offering to sit alongside its frozen operations provided by Eden Hulleys.
Ben Maxted, Kitwave head of frozen & chilled operations, will join the board of Central Supplies alongside the existing board members David Packham and Sean Trow. Maxted said: “We’re very pleased to complete the investment in Central Supplies. The business has a proud history of providing a quality delivered solution to its customers and this ethos is a key part of the Kitwave Group.
“Central supplies will continue to run as an independent business, as do all of the Kitwave Group businesses and we look forward to building the operations further with its loyal employees, customers and strong supplier relationships. Sitting alongside our nationwide frozen operations the addition of this chilled product offering will create exciting opportunities for the group,” he added.
Packham believes the investment will provide a great platform for the next level of growth in the business. “The senior management and staff at Central Supplies are really looking forward to working closely with the Kitwave team over the coming years to execute our plans and to continue to drive our service quality across the wholesale sector.”
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