Kitwave, the confectionery, soft drinks and alcohol wholesaler, has secured a £7.5m investment from NVM Private Equity (NVM). Kitwave trades as M&M Value and has 166 staff working out of five depots.
The group has increased its turnover from £15m to more than £100m since 2006 and the investment from NVM will support the company’s strategy to continue growth through consolidation. (Managing director Paul Young, pictured)