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Grocery & Drug Stores M&A image Grocery & Drug Stores M&A » By The Online Investor Staff, updated Thu., May. 6, 6:09 PM Recent mergers and acquisitions in the Grocery & Drug Stores M&A category.

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.

Chefs' Warehouse is a distributor of specialty food and center-of-the-plate products in the United States and Canada. Co. is focused on serving the needs of chefs who own and/or operate independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolateries, cruise lines, casinos and specialty food stores in the United States and Canada. Co. also provides a line of center-of-the-plate products, including custom cut beef, seafood and hormone-free poultry, as well as food products, such as cooking oils, butter, eggs, milk and flour.

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Company Name: 
Chefs' Warehouse Inc (The)
Website: 
www.chefswarehouse.com
Sector: 
Grocery & Drug Stores
Number of ETFs Holding CHEF: 
34
Total Market Value Held by ETFs: 
$198.07M
Total Market Capitalization: 
$1.20B
% of Market Cap. Held by ETFs: 
16.57%
 

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Buy (2.83 out of 4)
23rd percentile
(ranked lower than approx. 77% of all stocks covered)

Analysts' Target Price:
CHEF Stock Forecast

Based on Zacks ABR data;
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