Trailer Magazine

Indian consortium acquires Victorian transport company

  • Posted on Thursday 11th, January 2018.

Victorian grocery transport business, Select Food Service, has been sold to an Indian-backed consortium for an undisclosed sum.

Select distributes food, snack & beverage products to restaurants, cafes, hotels, nursing homes, childcare providers, and convenience and independent retail outlets across Victoria.

“The acquisition represents a commitment by our investment team to invest in Australian Food Distributors and Food Retailers, backing management teams," Shabeg Bhatia, the new Director of Select Food Group, said.

"We expect to invest similarly in bolt-on acquisitions which complement the Select Food Group business.””

Mergers and Acquisitions advisor to the Select Food Group board, Emil Parthenides, said the private Indian-backed consortium would provide Select with a capital injection for further acquisitions to cater to its growing customer footprint.

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