Specialty distributor The Chefs' Warehouse, Inc., has acquired Cincinnati-based distributor Queensgate Foodservice, for approximately $22 million.
Founded in 1999, Queensgate currently serves some of the finest restaurants, caterers, hotels, country clubs, and other operators in Ohio, Kentucky, and Indiana. The company stocks more than 8,000 items, including a full line of produce, fresh meats and poultry, dairy, dry grocery, and frozen foods, and is expected to generate revenue of about $40 million in 2012.
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"We are thrilled to have Queensgate join the Chefs' Warehouse family," said Chris Pappas, Chef's Warehouse chairman and CEO. "We believe that this acquisition is an exciting opportunity to strengthen our position in the Midwest and offers exciting synergies as we integrate this business with our existing operations."