The Kitwave Group has completed the purchase WestCountry Food Holdings for £29m, with the specialist fresh produce wholesaler set to be incorporated into Kitwave’s existing foodservice division which currently comprises HB Clark, David Miller Frozen Foods and MJ Baker.
Established in 1856, WestCountry supplies local, regional and imported fresh produce in the South West of England and reported a turnover of £29.7m and profit before tax of £3.9m for the financial year ending 1 January 2022.
Paul Young, chief executive of Kitwave, said: “The acquisition of WestCountry enables us to expand our product range to include high-quality fresh produce and complements our existing foodservice offering in the South West, following the acquisition of M. J. Baker earlier in 2022.
Read more: Kitwave Group H1 results show trading back up to pre-pandemic levels
We are delighted to welcome the WestCountry team to Kitwave and look forward to successfully integrating the business into the Group’s Foodservice division and further extending our nationwide reach. The Group continues to trade well and despite wider macroeconomic pressures, the Directors believe the outlook remains positive. We look forward to updating shareholders further on our progress.”
Earlier this year, Kitwave reported strong H1, with trading returning to pre-pandemic levels and revenues up by 51.8% to £223.3m compared to the £147.1m the previous year.
