Grocery & Drug Stores M&A » By The Online Investor Staff, updated Fri., Mar. 29, 10:10 AM Recent mergers and acquisitions in the Grocery & Drug Stores M&A category.
This Slide: #42 of 48 |
Slide #42. The Chefs' Warehouse, Inc. — Queensgate Foodservice
Acquirer:
The Chefs' Warehouse, Inc. (NASDAQ:CHEF)
Acquiree:
Queensgate Foodservice
Details:
The Chefs' Warehouse, Inc. (Nasdaq:CHEF), a premier distributor of specialty food products in the United States, today announced that it has acquired substantially all the assets of Queensgate Foodservice, located in Cincinnati, OH. Founded in 1999, Queensgate is a distributor stocking more than 8,000 items, including a full line of produce, fresh meats and poultry, dairy, dry grocery, and frozen foods. They currently serve some of the finest restaurants, caterers, hotels, country clubs, and other operators in Ohio, Kentucky, and Indiana.
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.
CHEF SEC Filing Email Alerts Service
Open the CHEF Page at The Online Investor »
|
Open the CHEF Page at The Online Investor (in a new window) »
Free CHEF Email Alerts: Get SEC Filing Alerts Get Dividend Alerts |
Strong Buy (3.86 out of 4) 74th percentile
(ranked higher than approx. 74% of all stocks covered)
Analysts' Target Price: CHEF Stock Forecast Based on Zacks ABR data; powered by Xignite |