KeHE Distributors Acquires Nature's Best
NAPERVILLE, Ill., July 18, 2014 /PRNewswire/ -- Nature's Best and KeHE Distributors, LLC (KeHE) signed an agreement on July 15, 2014, for KeHE to acquire Nature's Best – the largest privately owned wholesaler-distributor of health and natural food products in the Natural Products Industry.
Jim Beck, CEO of Nature's Best said, "I am incredibly proud of the generations of families who have built Nature's Best. It is rewarding that KeHE - one of the leaders in our industry - has recognized the talent and expertise of Nature's Best and is increasing their investment into the natural food segment to transform the health and lives of people around the globe."
A closing date in August, 2014, is anticipated.
About Nature's Best
Organic pioneers Gladys and Walter Lindberg opened the doors to a retail nutrition store in Los Angeles in 1949. The store grew into a chain that was considered the first health food "superstore" in Southern California. Acquiring Nature's Best in 1969, the family has grown the company into the largest privately owned wholesaler-distributor of health and natural food products in the country, with Certified Organic Distributor credentials. Eureka Capital Partners was the exclusive financial advisor to Nature's Best on the transaction.
KeHE Distributors, LLC (KeHE) provides Natural & Organic, Specialty & Gourmet, International & Multicultural and Fresh products to natural food stores, chain grocery stores, independent grocery stores and other specialty product retailers throughout North America. KeHE is an employee-owned company with over 3500 employees in the U.S. and Canada. Through KeHE Cares, KeHE contributes 10% of its pre-tax profits to organizations in the U.S. and to 15 additional countries on four continents. KeHE was advised by BMO Capital Markets Corp and Winston & Strawn.
KeHE Senior Director of Marketing
SOURCE KeHE Distributors, LLC