Nascent Food Service, Inc. (NCTW.OB) is Now a National Competitor in the Foodservice Industry
Nascent's acquisition has now positioned the company as a major player in the foodservice and retail trade. The CEO of Nascent, Sandro Piancone, stated that the company has overcome a major milestone in their business plan. He continued saying, 'It effectively completes our geographical coverage throughout Mexico, making Nascent the first national distributor of imported products into Mexico.'
The president of Nascent expressed his excitement for the company as he commented on it as being the only 'one-stop-shop' for nationwide distribution. He believes Nascent has a strategic advantage over its competitors because they are a U.S. based business.
Nascent now has the ability to service all of Mexico's major metropolitan areas, allowing them to reach over 80% of Mexico's population and almost all of the popular tourist areas.
The Sysco Corporation had a similar beginning and is now trading at a stock price of $32.76. In 1970, Sysco began offering the public its services, and by 1977 the company surpassed its competitors as the industry expanded from $35 billion to over $200 billion. Today they have relationships with about 390,000 customers.
Nascent has great potential to be the next Sysco of Mexico. They have been growing exponentially over the past years by using a proven business model to grow.
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