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.