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Kitwave.

In 1987 Kitwave was initially set up as an acquisition vehicle to acquire M&M Value, an established small confectionery wholesale business. At this time the business employed 14 people.

North East Dealmakers Winner 2011

Paul Young has been the majority shareholder of Kitwave since inception and has overall responsibility for the strategic development of the business. In 2006 he made the decision to grow the business through consolidation. Since then Paul has led the acquisition of three companies, Turners & Wrights, FW Bishop & Son and Westone Wholesale. They all share a similar product range and customer base, so are ideally placed to take advantage of the steady growth in the wholesale market.

Kitwave offers a membership led delivery and cash and carry service to a diverse mix of independent retailers and wholesalers. The group maintains strong long-term relationships with its customers and its unique local service offers customers a feeling of being more than just an account number.

Kitwave is now one of the fastest growing companies in the North East of England, increasing its turnover from circa £15m to over £100m since 2006. It now employs 166 staff across its six warehouses based across the North and Midlands.

Management’s future vision is based on a successful track record of acquisitions and and we are delighted to be able to support this vision.
Mauro Biagiono , NVM
NVM has proved to be a flexible and supportive investment partner from the outset.
Paul Young, Group Managing Director, Kitwave
  • Nature of business

    Local wholesaler of tobacco, alcohol, confectionery and soft drinks.

  • Description of deal

    Development capital. NVM invested £7.5m, alongside finance from Barclay Bank PLC.

  • Growth strategy

    Kitwave has succeeded through consolidation, so will continue its strategy to acquire businesses with similar product ranges and customer bases.

The team

  1. Mauro Biagioni