The Chefs’ Warehouse announces Category and Regional Expansion with the acquisition of Hardie’s Fresh Foods and Greenleaf Produce & Specialty Foods
“Similar to the way we expanded into Protein, these recent moves in the Produce category allow us to reach more customers with more diverse inventory. Our decision to invest in talent and new facilities, while continuously leveraging our strong sales force has allowed us to accelerate our growth coming out of the pandemic, into new territories and categories. We continue to focus on our multi-year strategy of combining strong organic growth with strategic acquisitions that provide both top-line and bottom-line synergies as we scale,” shared
The Hardie’s addition allows The Chefs’ Warehouse (CW) to strengthen its Produce category nationally while exposing CW specialty and Allen Brothers Steak and Seafood to all major cities in the rapidly growing
“Executing on our CW strategy to be the one-stop shop for the best chefs in the world continues to be our primary focus. The Chefs’ Warehouse team has never been stronger, more talented and more committed to be the trusted partner that connects the world’s finest artisan food producers to the world’s most demanding chefs,” said
About The Chefs’ Warehouse
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding the Company’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties and are based on current expectations and management estimates; actual results may differ materially. The risks and uncertainties which could impact these statements include, but are not limited to, the Company’s sensitivity to general economic conditions, including disposable income levels and changes in consumer discretionary spending; the Company’s ability to expand its operations in its existing markets and to penetrate new markets through acquisitions; the Company may not achieve the benefits expected from its acquisitions, which could adversely impact its business and operating results; the Company may have difficulty managing and facilitating its future growth; conditions beyond the Company’s control could materially affect the cost and/or availability of its specialty food products or center-of-the-plate products and/or interrupt its distribution network; the Company’s increased distribution of center-of-the-plate products, like meat, poultry and seafood, involves increased exposure to price volatility experienced by those products; the Company’s business is a low-margin business and its profit margins may be sensitive to inflationary and deflationary pressures; because the Company’s foodservice distribution operations are concentrated in certain culinary markets, the Company is susceptible to economic and other developments, including adverse weather conditions, in these areas; fuel cost volatility may have a material adverse effect on the Company’s business, financial condition or results of operations; the Company’s ability to raise capital in the future may be limited; the Company may be unable to obtain debt or other financing, including financing necessary to execute on our acquisition strategy, on favorable terms or at all; and the Company’s business operations and future development could be significantly disrupted if it loses key members of its management team. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. A more detailed description of these and other risk factors is contained in the Company’s most recent annual report on Form 10-K filed with the
Source: The Chefs' Warehouse, Inc.