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Benzinga
Benzinga
Business
Shivani Kumaresan

Chefs' Warehouse Acquires Substantially All Assets Of Capital Seaboard

  • Chefs' Warehouse Inc (NASDAQ: CHEF) has acquired all of the assets of CGC Holdings Inc (Capital Seaboard), a wholesale food distributor, for an undisclosed sum.
  • Jessup, Maryland-based Capital Seaboard provides produce and seafood to the Mid-Atlantic.
  • "Our shared focus on quality and uncompromised service makes this a great combination that will benefit our customers throughout the Mid Atlantic region," said Chairman and CEO Christopher Pappas.
  • Chefs' Warehouse held $134.22 million in cash and equivalents as of September 24, 2021.
  • Price Action: CHEF shares closed higher by 1.11% at $32.93 on Monday.
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