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January 21, 2021updated 21 Jul 2022 1:54pm

National Convenience Distributors acquires US distributor Wustefeld Candy

Full-line convenience store distributor National Convenience Distributors (NCD) has acquired US wholesale distributor Wustefeld Candy.

Full-line convenience store distributor National Convenience Distributors (NCD) has acquired US wholesale distributor Wustefeld Candy.

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Based in Albany, New York, Wustefeld is a distributor to the convenience and grocery store industry.

The two companies did not disclose specific financial terms of the transaction.

NCD chief executive officer Ed Berro said: “The past year was a challenging one for almost everyone in our industry.

“However, I am very pleased that our organisation met those challenges and delivered on a record year for the company.

“Wustefeld is a great addition to NCD and we look forward to building upon what their management team has developed for generations.”

Wustefeld will complement other members of the NCD family including J Polep Distribution Services, Allen Brothers Wholesale Distribution and Harold Levinson Associates.

The company, which started as a family-owned and operated business in the late 1800s, offers various products including candy, snacks, tobacco products and general merchandise.

Robert and Bruce Finkle currently lead Wustefeld.

Robert Finkle said: “Because of this merger, the breadth of products available to our customers has significantly expanded.

“Now that we are part of a larger organisation like National Convenience Distributors, we will be able to service our existing customer base more effectively and with the same level of exceptional customer service that they expect and have enjoyed.”

National Convenience Distributors is the fifth largest wholesale distributor of convenience industry in the US with annual revenues of approximately $3bn.

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What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.