Chef's Warehouse to purchase Del Monte Capitol Meat; deal includes Ports Seafood, SF distributor
SEAFOODNEWS.COM [Dow Jones Institutional News] By Lauren Pollock Jan 12, 2015
Chefs' Warehouse Inc. agreed to acquire Del Monte Capitol Meat Co. for about $191 million, a deal that will boost the specialty food products distributor's protein offerings.
Founded in 1926, Del Monte supplies high quality, USDA inspected beef, pork, lamb, veal, poultry and seafood products to Northern California. Their seafood, which includes an extensive local fresh fish distribution, is done by Ports Seafood, a 20 year old company that is owned by Del Monte.
John DeBenedetti, the CEO and principal owner of Del Monte, will be joining the company as executive vice president of protein.
Del Monte is expected to generate about $200 million to $225 million in net sales this year....
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