Final frontier | 130 year-old acquisition | Contract wins
Our assessment of results and updates here, include news of a big contract win for one company, which strangely failed to bring an upgrade from its broker. Elsewhere, a video game developer reassured with its latest trading update, although the shares remain far adrift of previous highs – is there a recovery story unfolding? Read on here for our forthright assessment of this and other news. (Premium)
KItwave: shares climb on latest acquisition
Kitwave Group (AIM: KITW), the delivered wholesale business, has acquired Total Foodservice Solutions Limited, a leading independent food wholesaler in the North of England, for £21.0m.
Established over 130 years ago, Total Foodservice delivers wholesale catering supplies of around 4,000 product lines including chilled, frozen and ambient food, non-food and cleaning products.
Total Foodservice's depots are located in Clitheroe, Lancashire and Huddersfield, Yorkshire with customers including…
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