Innovative Food Holdings acquires Artisan Specialty Foods
Artisan Specialty Foods warehouses over 1,200 items and distributes products to over 450 customers.…Artisan Specialty Foods warehouses over 1,200 items and distributes products to over 450 customers. In addition, it operates a bulk repacking facility at its warehouse in Chicago. It had estimated sales of over $5.6m and adjusted estimated EBITDA of approximately $360,000.
The CEO of Artisan Specialty Foods, David Vohaska, will be joining Innovative Food Holdings as executive vice president of Artisan Specialty Foods. Artisan will operate as a wholly-owned subsidiary of Innovative Food Holdings.
The transaction, which closed on 18 May, is expected to be accretive to earnings immediately.
Innovative Food Holdings is a marketer of gourmet food products to professional chefs and to the gourmet consumer market across the US.
