Nascent Foodservice, Inc. (NCTW.OB) Employs Winning Strategy of Growth through Acquisition
Nascent Wine Company, Inc. (OTCBB: NCTW) is the only nationwide distributor of imported food products into the Mexican marketplace. Although the company was incorporated in 2002, it experienced minimal business activity until it obtained the right to distribute Miller Beer in Baja California in 2006. In 2007, sales grew from $4.7M to $42.4M due mainly to the acquisitions of Pasani\Eco, Groupo Sur Promociones de Mexico S.A. de C.V., and Targa, S.A. de C.V. While the company employs a three-pronged sales strategy, its focus on acquiring the small Mom-and-Pop stores, then folding them into the current business, is almost completely responsible…