News / Business
QualityStock's Smallcap Stock Clients - Nascent Food Service, Inc. (NCTW.OB)
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Nascent Food Service is one of our highlighted companies this month. The company is one of Baja Mexico’s largest food distributors, marketing and distributing over 1,400 national and proprietary brand food and non-food products to over 1,000 customers. Nascent plans to consolidate many of the smaller foodservice distributors in the Mexican food distribution market through acquisitions.
Nascent announced an acquisition that positions 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
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
Nascent now has the ability to service all of
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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