ANNESSA IMPORTS ACQUIRED BY KIRIL MISCHEFF GROUP

Annessa Imports, a long-established supplier of continental food and wine to the hospitality and retail sectors, has been sold in a deal advised upon by KBS Corporate.

Established in 1983 by the Annessa family, the company based in Enfield, London imports a diverse range of products with a focus on Italian cuisine, and also supplies food containers and cleaning products to a client base of over 1,000 customers across southern England.

Fabio Rambelli, KBS Corporate Associate Director, led a transaction in which Annessa Imports was acquired by Kiril Mischeff Group, a Worksop-based food and ingredient supplier which was founded in 1935 initially as a UK agent for fruit producers in Bulgaria.

“Along with all the Annessa Imports staff, I am looking forward to working with all the fellow members of the Kiril Mischeff Group,” said Domenico Annessa, one of the founding directors of Annessa Imports.

“They are an established and well-respected business and I am looking forward to increasing and enhancing even further the product offering we bring to their customers, old and new, and contributing to the future success of the Group.”

Dimitar Mirchev, Kiril Mischeff’s Group Managing Director, commented: “I would like to welcome the company and its valued staff, customers and suppliers to the Kiril Mischeff Group family.

“We look forward to exploring the possibilities and exploiting the synergies that will be created in the combined Group for the benefit of all.”

Fabio Rambelli of KBS was delighted to bring the sale process to a successful and timely conclusion.

“It’s been a pleasure working with all parties on this transaction and I’m very happy we were able to finalise a deal ahead of the crucial Autumn Statement,” explained Fabio.

“I’m confident Kiril Mischeff and its management team will be able to take Annessa Imports to new heights, and I wish all parties the very best of luck in their future endeavours.”