Mon, 18 Nov 2019 | BUSINESS SALE
Independent wholesaler Kitwave has acquired Alpine Fine Foods Ltd. for an undisclosed sum, in a deal that sees it continue its expansion.
Alpine Fine Foods has a turnover of around £13 million and specialises in the supply and delivery of ambient, frozen, chilled and fresh products, including meat, fruit and vegetables, to the foodservice sector across Humberside and Yorkshire.
The deal is North Tyneside-based Kitwave’s second acquisition of a foodservice business, following its takeover of York-based Miller Food Service. Kitwave says the deal widens its product range and delivery capabilities.
The agreement also sees Kitwave head of frozen and chilled operations Ben Maxted join the board at Alpine Fine Foods alongside Miller Food Service managing director Gareth Wilson.
"The business is renowned for providing a quality delivered solution to its customers and this ethos is a key part of the Kitwave Group," Maxted said.
"We look forward to building further our foodservice offering to the benefit of both customers and suppliers alike."
Alpine Fine Foods managing director Phil Davis said: "The acquisition has come at an exciting time for Alpine, after an already successful year this is a positive move towards growing the business further."
Barclays Bank and Yorkshire Bank supported the acquisition with new finance facilities, while Kitwave was supported by Muckle LLP and KPMG, providing legal and due diligence services.
Kitwave was founded by chief executive Paul Young in 1988 and has grown from a regional confectionary business to a diversified, national wholesaler after pursuing numerous acquisitions since 2011.
Award-winning retail & wholesale butcher offering a wide range of meat products handmade at its large production facility selling to a loyal local customer base from its high-street shop & online. Offers invited.
This long-established business of over 50 years has built up an enviable reputation within this sector of the market for quality and customer service and is award winning and which due to retirement this rare and exciting opportunity has now become a...
FREEHOLD
A well established business with an enviable reputation and many existing customers. Prime trading position in the centre of town. All fixtures and fittings included making this a real Turnkey business opportunity. Ideal owner managed or partnership...
FREEHOLD
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