Wholesale group Kitwave has made its first acquisition since listing on the AIM market last year with a £24.5m deal for a Devon company.
The North Shields firm has acquired the entire issued share capital of MJ Baker Foodservice Limited, which is based in Newton Abbot and is a leading food service supplier in the West Country.
MJ Baker was founded in 1999 and its most recent accounts, covering 2020, showed turnover of £16.9m and profit of £1.5m.
