e-News
|
|
Innovative Food Holdings to buy Chicago's Artisan Specialty Foods Inc. |
05.25.2012
|
Innovative Food Holdings, parent company of Food Innovations, Inc. and website www.forthegourmet.com., has agreed to acquire Artisan Specialty Foods, a Chicago-based gourmet foodservice distributor whose customers include some of the city's top restaurants.
Artisan Specialty Foods CEO David Vohaska will join Innovative Food Holdings as Executive VP of Artisan Specialty Foods. He will continue operating Artisan as a wholly-owned subsidiary, reporting directly to senior management of Innovative Food Holdings.
STORY CONTINUES BELOWAdvertisement
In 2011, Artisan had estimated unaudited sales of over $5.6 million (including sales to Innovative Food Holdings and affiliates) and adjusted estimated EBITDA of approximately $360,000.
|
|
|
