Benzinga | Dec 28, 2021 09:31AM EST

Chefs' Warehouse Acquires Substantially All Assets Of Capital Seaboard

* Chefs' Warehouse Inc (NASDAQ: CHEF) has acquired all of the assets of CGC Holdings Inc (Capital Seaboard), a wholesale food distributor, for an undisclosed sum.

* Jessup, Maryland-based Capital Seaboard provides produce and seafood to the Mid-Atlantic.

* "Our shared focus on quality and uncompromised service makes this a great combination that will benefit our customers throughout the Mid Atlantic region," said Chairman and CEO Christopher Pappas.

* Chefs' Warehouse held $134.22 million in cash and equivalents as of September 24, 2021.

* Price Action: CHEF shares closed higher by 1.11% at $32.93 on Monday.