Chefs' Warehouse announced that it has entered into a definitive agreement to acquire substantially all of the assets and certain equity interests of Del Monte Capitol Meat Co. and its affiliated companies for approximately $191.2 million including cash, stock and notes.
Founded in 1926, Del Monte supplies high quality, USDA inspected beef, pork, lamb, veal, poultry and seafood products to Northern California. In addition, Del Monte's staff of highly skilled butchers are able to provide fresh, portion-controlled products to satisfy all of their customer's needs on a fresh, cut-to-order basis. John DeBenedetti, the CEO and principal owner of Del Monte, will be joining the company as Executive Vice President - Protein. He will also be joining the company's Board of Directors post-closing.