The Chefs' Warehouse, Inc. acquired Hardie's Fruit and Vegetable Company, LP. for $48 million.
May 30, 2023
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The Chefs' Warehouse, Inc. (NasdaqGS:CHEF) acquired Hardie's Fruit and Vegetable Company, LP for $48 million on March 20, 2023. The initial purchase price was approximately $38 million, paid in cash at closing and is subject to customary working capital adjustments. We will also pay additional contingent consideration, if earned, in the form of an earn-out amount which could total $10 million over a two-year period.
The Chefs' Warehouse, Inc. (NasdaqGS:CHEF) completed the acquisition of Hardie's Fruit and Vegetable Company, LP on March 20, 2023.
The Chefs' Warehouse, Inc. is a distributor of specialty food products in the United States, the Middle East and Canada. The Company offers stock-keeping units (SKUs), ranging from specialty foods and ingredients to basic ingredients and staples, produce and center-of-the-plate proteins. Its product categories include center-of-the-plate, dry goods, pastry, cheeses and charcuterie, produce, dairy and eggs, oils and vinegars and kitchen supplies. It operates through the food product distribution segment, which is concentrated primarily in the United States. The Companyâs customer base consists primarily of menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolateries, cruise lines, casinos and specialty food stores. Its center-of-the-plate products include custom cut beef, seafood and hormone-free poultry, as well as produce and food products, such as cooking oils, butter, eggs, milk and flour.
THE CHEFS' WAREHOUSE, INC. 
