NAPERVILLE, Ill., May 24, 2023 (GLOBE NEWSWIRE) -- KeHE Distributors®, a distributor of fresh, natural & organic, and specialty products in North America, today announced it has entered into an agreement to acquire DPI Specialty Foods, a premier distributor across the western United States, from food & beverage focused private equity firm Arbor Investments. Once complete, the complementary strengths of the two entities will provide a robust nationwide fresh offering and an expanded customer portfolio.
“KeHE is dedicated to being a source for good, and this expansion provides an opportunity to deliver enhanced experiences for customers, suppliers, and ultimately, consumers,” said Deb Conklin, President & CEO at KeHE. “This year we’re celebrating seven decades of serving and feeding America, and this acquisition continues to position KeHE as the preferred supply chain partner in North America.”
The transaction advances KeHE’s partner success and growth objectives through two primary strategic initiatives:
- Enhanced capabilities in the fresh market. KeHE’s fresh food portfolio will grow, which will allow retailers to respond more quickly to customer demand.
- Broadened, complementary customer base. Backed by powerful data-driven insights, business intelligence tools, and additional warehouse space to help drive scalable growth, KeHE will add over 1,000 DPI customers across all channels delivering products in a one-truck solution. KeHE’s and DPI’s knowledgeable experts will continue to offer high-touch support to all customers.
“Both DPI and KeHE have built impressive networks, deep industry and category expertise, and value-added services over decades of operation,” said Russ Blake, Chief Executive Officer at DPI Specialty Foods. “Combining our complementary strategies allows us to further capitalize on those strengths to offer superior value for the U.S. food industry.”
The transaction is subject to customary closing conditions and government regulatory approvals. KeHE and DPI will continue to operate independently until the transaction is closed.
BMO Capital Markets Corp. served as exclusive financial advisor to KeHE.
For more information about how KeHE distributes fresh, natural & organic, and specialty products as a Certified B Corporation, visit www.kehe.com. To learn more about DPI’s efficient network of wholesale specialty food distribution, visit www.dpispecialtyfoods.com.
About KeHE
KeHE Distributors, LLC (KeHE) is a distributor of fresh, natural & organic, and specialty products to more than 30,000 natural food stores, chain and independent grocery stores, e-commerce retailers, and other specialty products retailers throughout North America. With over 6,800 employees, KeHE, a Certified B Corporation and employee-owned company, drives its mission of serving to make lives better throughout all aspects of its operations. For more about KeHE, visit KeHE.com or check out its social media channels: LinkedIn, Instagram, Facebook, & Twitter.
Media Contact Ari Goldsmith Ari.Goldsmith@kehe.com
