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Nascent Eyes Another Acquisition

Nascent Wine Co. Inc., a large distributor of imported products in Mexico, said Aug. 9 that it signed a letter of intent to acquire Bodegas Herlomex S.A. de C.V., a Baja California bakery distribution company. The companies did not disclose terms of the proposed deal.

If completed, this will be the 10th acquisition the company has made since being founded in 2001. Nascent Chief Executive Officer Sandro Piancone recently told the San Diego Business Journal that he wanted to create Mexico’s first nationwide food distribution network.

The company’s last acquisition was Grupo Sur Promociones de Mexico, a large merchandising and promotions company. GSP had more than $25 million in sales last year.

Nascent is traded over the counter. Its symbol is NCTW.

, Preet Anand

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