NAPERVILLE -- KeHE Distributors said it has acquired Nature's Best, a California-based distributor of health and natural food products.
Terms of the acquisition were not announced.
The acquisition will expand keHE's national distribution capabilities, broaden its natural and organic expertise, and enhance distribution across all food retail channels, the company said in a statement.
"The addition of this great group of people and long standing tradition of service fits perfectly into our operations.," said KeHE President and Chief Executive Officer, Brandon Barnholt, "This combination positions KeHE to fulfill our vision of being the preferred supply chain partner in the natural, specialty, and fresh products marketplace in North America.
"Nature's Best two LEED Gold Certified warehouses, state-of-the-art warehouse management system, and highly respected Cadia product line will be significant and immediate enhancements to our value proposition," Barnholt added. "Additionally, we are highly focused on continuing the tradition of service excellence the Nature's Best group of world class independent and chain customers have come to expect."
Completion of the acquisition is subject to customary closing conditions. BMO Capital Markets is acting as exclusive financial adviser and Winston & Strawn LLP is acting as legal adviser to KeHE in connection with the transaction.