SpartanNash (NASDAQ: SPTN), Grand Rapids, MI, has agreed to acquire Caito Foods Service for $217.5 million.
The acquisition includes Caito's produce distribution business, fresh cut fruits and vegetables business, the newly constructed Fresh Kitchen facility and the logistics business of its Blue Ribbon Transport operations.
Caito Foods Service is a supplier of fresh fruit and vegetables to grocery retailers and food service distributors across 22 states in the Southeast, Midwest and Eastern United States. Caito and Blue Ribbon Transport will become part of SpartanNash's food distribution segment following the close of the transaction.
The acquisition will strengthen SpartanNash's product offerings by expanding into the freshly prepared centerplate and side dish categories.