The Chefs' Warehouse, Inc. to Appoint John Debenedetti to the Board of Directors
April 07, 2015 at 06:30 am EDT
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The Chefs' Warehouse, Inc. announced that it has completed the previously announced acquisition of Del Monte Capitol Meat Co. and its affiliated companies for an initial purchase price of $185.1 million, including the initial net working capital adjustment. John DeBenedetti, former president and chief executive officer of
Del Monte, has been appointed executive vice president of protein and is expected to be appointed to the company's Board of Directors later 2015.
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.