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New Deal


Announced

Completed

The Chefs’ Warehouse completed the acquisition Hardie’s Fresh Foods and Greenleaf Produce.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Food Retailers and Wholesalers

Majority

Restaurant Food Supplier

Small Farms

Private

Local Produce

Domestic

Organics

organic products

United States

Single Bidder

produce

Acquisition

Completed

Beverage Services

Local Sourcing

fruit and vegetables

distribution

specialty foods

Synopsis

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The Chefs’ Warehouse, a distributor of the food ingredients to Chefs, completed the acquisition Hardie’s Fresh Foods, a provider of farm fruit and vegetables to foodservice and retailers, and Greenleaf Produce, a food distributor in Northern California. Financial terms were not disclosed. “Similar to the way we expanded into Protein, these recent moves in the Produce category allow us to reach more customers with more diverse inventory. Our decision to invest in talent and new facilities, while continuously leveraging our strong sales force has allowed us to accelerate our growth coming out of the pandemic, into new territories and categories. We continue to focus on our multi-year strategy of combining strong organic growth with strategic acquisitions that provide both top-line and bottom-line synergies as we scale,” Christopher Pappas, The Chefs’ Warehouse President and CEO.

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