USA, Ridgefield, Connetticut. The Chefs' Warehouse, Inc., a premier distributor of specialty food products in North America, announced that it has acquired substantially all of the assets of Fells Point Wholesale Meats ("Fells Point"), based in Baltimore, MD. Founded in 1993, Fells Point is a specialty protein manufacturer and distributor in the metro Baltimore, Washington DC area.
Christopher Pappas, Chairman and Chief Executive Officer of The Chefs' Warehouse, Inc. said: "We believe that this acquisition adds the processing facility needed to grow protein in the North East and even more importantly the expertise to support our nearly 150 sales professionals with over 5,000 customers in the region."
The Chefs' Warehouse initially entered the Mid-Atlantic market in 1999 through greenfield expansion. In May of 2008 the Company acquired specialty food distribution company, American Gourmet Foods. It's currently the Company's third largest market. The Chefs' Warehouse, Inc. is a premier distributor of specialty food products in the United States and Canada focused on serving the specific needs of chefs who own and/or operate some of the nation's leading menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores. The Chefs' Warehouse, Inc. carries and distributes more than 34,000 products to more than 26,000 customer locations throughout the United States and Canada.
Fells Point is expected to generate approximately $55.0 mill. in annualized net sales and be accretive to earnings next year. Other terms of the transaction were not disclosed.
Source: The Chefs Warehouse