Chefs' Warehouse, Inc. (CHEF) said it has acquired all of the equity securities of Michael's Finer Meats, LLC. The total purchase price for the business was about $54.3 million, subject to customary post-closing working capital adjustments.
Chefs' Warehouse expects Michael's to contribute approximately $0.06 to $0.08 annually to earnings per share once fully integrated, however based on the timing of the acquisition and shorter term integration costs, the acquired business is not expected to contribute significantly to the company's 2012 results.
The acquisition was funded with borrowings under the company's existing revolving credit facility.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.