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Slide #41. The Chefs' Warehouse, Inc. — Qzina Specialty Foods
Acquirer:
The Chefs' Warehouse, Inc. (NASDAQ:CHEF)
Acquiree:
Qzina Specialty Foods
Details:
The Chefs' Warehouse, Inc. (Nasdaq:CHEF), a premier distributor of specialty food products in the United States, today announced that it has acquired all of the equity interests of Qzina Specialty Foods North America Inc., based in Pompano Beach, FL. Founded in 1982, Qzina is a leading supplier of gourmet chocolate, dessert and pastry products dedicated to the pastry professional. They currently supply more than 3,000 products to serve some of the finest restaurants, bakeries, patisseries, chocolatiers, hotels and cruise lines throughout the US and Canada.
The Chefs' Warehouse distributes specialty food and center-of-the-plate products. Co.'s product portfolio includes stock-keeping units from various suppliers and is comprised of imported and domestic specialty food products, such as artisan charcuterie, specialty cheeses, oils and vinegars, truffles, caviar, chocolate and pastry products. Co. also provides a line of center-of-the-plate products, including custom cut beef, seafood and hormone-free poultry, as well as produce and broadline food products, such as cooking oils, butter, eggs, milk and flour. Additionally, Co. markets certain of its center-of-the-plate products directly to consumers through its mail and e-commerce platform.
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Strong Buy (3.86 out of 4) 74th percentile
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