Listed premium food supplier, The Chef’s Warehouse, has announced the acquisition of the total assets and specific equity interests of specialty protein company, Del Monte Capital Meat for US$191.2 million. Del Monte supplies high quality beef, pork, lamb, veal, seafood, and fresh cut portion-controlled products on a cut-to-order basis to Northern California, and is expected to generate between $200 million and $250 million in net sales in 2015. The Chef’s Warehouse is a $1 billion company that distributes more than 30,000 products to more than 20,000 high end restaurants, country clubs, and high end foodservice outlets in the U.S. and Canada. The deal is expected to close toward the end of the first quarter of 2015, given it meets all regulatory approvals and closing conditions including the Hart-Scott-Rodino Antitrust waiting period.
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