Concierge Technologies Inc., which has traditionally focused on importing and selling driving cameras, has acquired a food business as a means to grow revenue.

In August, the company closed a deal for New Zealand-based Gourmet Foods Ltd., which makes and distributes meat pies, dessert and other bakery products. "It's not the kind of business that's going to take over the world, but it is a good cash-flow generating business, Concierge CEO Nicholas Gerber tells Mergers & Acquisitions.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.