UNFI to acquire Haddon House
United Natural Foods, Inc. (UNFI), Providence, R.I., entered into a definitive agreement to acquire all outstanding stock of Haddon House Food Products, Inc., a distributor and merchandiser of natural and organic and gourmet ethnic products based in Medford, N.J. Haddon maintains a diverse, multi-channel customer base, including conventional supermarkets, gourmet food stores and independently owned product retailers.
“Haddon House has a unique product and service offering that we expect to play an important role in our ongoing strategy to build out UNFI's gourmet and ethnic product categories across the country,” says Steven Spinner, UNFI’s president and CEO. “The Haddon House team has demonstrated exemplary customer service and growth over the last decade while also building a distinctive private label brands business. We are excited to have them join the UNFI family, as we venture into new channels and markets together. I look forward to working with David Anderson, Sr. and David Anderson, Jr., both of whom will remain at the company in leadership roles, as we move this exciting service offering and product category across our companies and throughout the U.S."
“This transaction will provide us with greater operating scale and resources to further develop our product and service offering, as we work with the UNFI team to broaden our geographic reach and route to market across complementary and new customer bases. We are excited about the opportunities this combination will create for consumers, employees, suppliers and our stockholders,” adds David Anderson, Sr., president of Haddon House.
Upon closing, Haddon will operate as a wholly-owned subsidiary of UNFI.