NFT Distribution up for sale as pre-tax losses mount to over £30m


 

Chilled food distributor NFT Distribution Holdings, which is part of the EV Cargo group, is looking for a buyer after reporting losses of over £30m. NFT Distribution Holdings, which employs 1,900 staff and counts Sainsbury’s as one of its major customers, was acquired from private equity firm Phoenix Equity Partners by what was then Emerge Vest in 2014 in a deal valuing the company at £60m. The move emerged just days after joint MD Mel Brockhouse resigned from the company. […]