BWG Foodservice's appetite grows as it hits record €100m sales
BWG Foodservice hit record sales of more than €100m for 2018 and has plans to double that figure by 2022.
The 12.5pc increase in sales over 2017 marks the eighth year of consecutive growth for BWG Group's foodservice division.
In addition to the strong organic growth in sales reported by the company, the fast-growing BWG Foodservice business also completed the acquisition of Corrib Food Products during the period.
This will increase its annualised revenues to over €150m, the company said.
The business is now targeting sales of €200m by 2022 on the back of continued investment in expanding its end-to-end tailored foodservice solutions across ambient, chilled, and frozen, it said.
"We are delighted with the growth delivered in 2018 but are particularly excited about hitting our next milestone of €200m in sales over the coming years," said BWG Wholesale managing director John Moane.
"Through the support of the wider BWG Group, we now have a market-leading foodservice offering that allows us to deliver an extensive range of quality produce at competitive prices, efficiently through our industry leading supply chain."
Competition in the food service sector has greatly increased and the BWG Group, which is led by Leo Crawford, has evolved significantly in recent years as it has aimed to change from being one of a number of suppliers to becoming the one-stop shop for its customers.
"The provenance of our supply chain has become a key focus of our growth strategy," said Moane. "Our customers are increasingly passionate about the origin of their food products in line with consumer expectations and in response to this appetite we increased our supply of locally sourced Irish produce by 32pc in 2018."
BWG Foodservice operates seven depots throughout the island of Ireland, with 22 of its Value Centres and wholesale branches across the country.
The company delivers over 8,000 individual items for sale to over 20,000 customers across the wider catering and retail sector.
Sunday Indo Business