North Shields wholesale business expands territory with £24.5m food service acquisition

North Shields based delivered wholesale business Kitwave Group PLC has announced its acquisition of M.J. Baker Foodservice Limited, the West Country based independent food service supplier for £24.5m.

Founded in 1999 and based in Newton Abbott, Devon, M.J. Baker offers over 3,500 products in ambient, chilled, and frozen foods, together with alcohol, confectionery and non-food items. The brands are complemented by a range of products under the Bakers Best Buy lines.

M.J. Baker reported audited turnover of £16.9m and profit before tax of £1.5m for the financial year ending December 31 2020. As at 31 December 2020, M.J. Baker had net assets of £7.9m.

The acquisition will be incorporated into Kitwave’s existing food service division which currently comprises the trading operations of H.B. Clark & Co. (Successors) Limited and David Miller Frozen Foods Limited.

Paul Young, chief executive officer of Kitwave, said: “The acquisition of M.J. Baker is an excellent addition to our food service division and expands the Group’s nationwide reach into the South West. M.J. Baker is renowned for providing a quality delivered solution to its customers, a key part of the Kitwave Group ethos.

“I am delighted to welcome the M.J. Baker team to Kitwave and we look forward to continuing to build our nationwide food service offering as part of our growth strategy.”

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →