MEXICO: Nascent gets capital investment
By just-drinks.com editorial team | 10 July 2007
Mexico's Nascent Wine Company has received a significant investment from York Capital Management to kick-start the company's expansion plans.
The company said today (10 July) that it has received US$8m from York which it aims to use to enable expansion in Mexico.
York's senior managing director Bill Vrattos said: "Nascent is Mexico's only nationwide independent food and beverage distributor, and is well-positioned to take advantage of the opportunities presented in this highly fragmented market."
Nascent CEO Sandro Piancone added: "This investment enables Nascent to continue to execute its strategic plan of acquiring quality companies and expanding its market penetration throughout Mexico."
Nascent is a food and beverage distributor in Mexico, marketing and distributing over 2,000 national and proprietary brand food and non-food products. Nascent has the exclusive right to distribute Miller Beer in Baja California, Mexico.