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Kitwave Group completed the acquisition of Creed Catering Supplies for £70m.

Synopsis

Kitwave Group, an independent wholesale business, completed the acquisition of Creed Catering Supplies, a food wholesaler, for £70m. “Strategically, Creed will significantly expand our geographical presence, bridging our operations in the North and South and creating a fully integrated national delivery network. In line with our buy and build strategy, Creed is also expected to significantly enhance the Group’s earnings along with providing material buying, operational and financial​ synergies," Ben Maxted, Kitwave Group CEO.

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