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US Foods Summer Scoop line provides labor savings – Produce Blue Book
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US Foods Latest Product Lineup Addresses Restaurant Labor Shortage
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By Reuters Staff
2 Min Read
May 13 (Reuters) - Grupo Comercial Chedraui said on Thursday its unit would buy warehouse store business Smart & Final Holdings Inc for $620 million, including debt, as the Mexican grocer looks to expand its footprint in the United States.
Private equity firm Apollo Global Management Inc is selling Smart & Final to Grupo Comercial Chedraui’s (GCC) subsidiary Bodega Latina Corp.
The deal is expected to close in the second or the third quarter, pending U.S. and Mexican regulatory approvals and other customary closing conditions.
Apollo acquired reut.rs/33NQebr Smart & Final in 2019 for about $1 billion and sold reut.rs/2QiSFQo its warehouse unit last year for $970 million to US Foods Holding Corp.
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Benzinga routinely examines a stock that might be considered a little under the radar. The company may not be well known, but chances are the line of work it’s in is pretty familiar. This is called the “thing behind the thing.”
The growth of plant-based foods is continuing with plant-based meat and other areas gaining entry into grocery stores and restaurants. Calling itself a picks and shovels play for the plant-based food revolution, Benson Hill is one of Benzinga’s thing behind the thing.
About Benson Hill: Benson Hill is going public with
Star Peak Corp II (NYSE: STPC) in a SPAC merger valuing the company at $1.35 billion.