Portfolio Review

Sol is the newest addition to the Group’s growing portfolio. Partially acquired in 2023, Sol is a comprehensive B2B food and beverage supplier that functions as a one-stop-shop for the hospitality sector, focusing on supply chain management for hotels, restaurants, and cafes (HORECA) with an emphasis on backend functions such as kitchen logistics, procurement, etc.

Sol was founded in 2007 as Raz Catering which, at the time, served large-scale clients like contractors, royal palaces, and marine companies. In 2016-17, the founders opted to change the customer segment from giant corporations with a high labor force to hospitality clients in the hospitality sector. Since 2019, now known as Sol, the company integrates technology into its operations to better serve its customers by enhancing its front-end interface offering websites and dashboards for its HORECA customers to easily place orders.

Sol also manages training, operations, and supplier dealings internally to ensure optimal margins and runs its own distribution center and warehouse. Currently, the company works with suppliers across various categories such dry, frozen, chilled, and fresh foods, snacks, and beverages.

Sol handles the entire procurement-to-delivery process internally, offering technological solutions such as personalized dashboards for each restaurant to monitor usage and place orders conveniently. The company fills an existing gap in the market by providing personalized service and support to smaller businesses.