date:Jul 22, 2014
Specialty foods distributor United Natural Foods, Inc.has completed the acquisition of all of the stock of Tony's Fine Foods, a specialty distributor of perishable food products, for $195.3 million. Tony's Fine Foods is now a wholly-owned subsidiary of United Natural and will continue to operate as Tony's Fine Foods.
The deal, announced in May, was financed through approximately $187.8 million in cash and approximately 112,000 shares of the company's stock. Tony's will use a portion of the proc