KeHE acquires Monterrey Provision Co.
KeHE Distributors, Naperville, Ill., acquired Monterrey Provision Co., a San Diego, Calif.-based distributor of products for the perimeter departments of retail grocery stores.
"We view the perimeter as an essential element of our growth strategy. The acquisition of Monterrey expands our perimeter capabilities, and further enables our growth plans. This is similar to the advantages we gained in the organic business with the acquisition of Nature's Best in August 2014," says Brandon Barnholt, KeHE president and CEO.
"With the addition of Monterrey, we are better positioned to capitalize on opportunities in the perimeter and partner with customers across their total store," adds Mike Leone, chief commercial officer at KeHE.
This acquisition helps advance KeHE's strategic plan and aligns with KeHE's vision to be the trusted distributor for natural, organic and specialty products.
"Joining the KeHE family leapfrogs Monterrey by years in our ability to extend our excellence in fresh perimeter distribution to the entire country. Further, KeHE and Monterrey couldn't be better cultural fits for each other," says Luke Abbott, Monterrey president.
The acquisition will add two distribution centers in San Diego, Calif., and Oklahoma City, Okla., to KeHE's existing network of 16 distribution centers in the United States and Canada.