Alliant Foodservice, Inc., a subsidiary of Alliant Exchange, Inc. and one of the nation’s largest broadline foodservice distributors, signed a definitive agreement to acquire Seattle-based K & N Meats.
Since 1942, family-owned K & N Meats has specialized in providing center-of-the-plate beef and other meat items to fine dining establishments both locally and nationally. The company generates approximately $100 million in sales annually.
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Wayne Keener, CEO of K & N, said, “It was an easy decision for K & N to join forces with Alliant because the goals of the two companies are so aligned. Culturally, the two companies are extremely compatible due to shared focus on customer service, quality, and integrity. Additionally, the merger will allow Alliant to leverage K & N’s management expertise with its own in the area of COP production and distribution.”
“This union is the perfect evolution of K & N’s integrity and customer focus with Alliant’s desire to be the most respected foodservice distribution company nationally,” said Frank Patton, Division President for Alliant Foodservice’s Western Division. “In this case, one plus one is much greater than two. We feel strongly that foodservice customers in the Pacific Northwest will now have a real alternative with a superior value proposition. Furthermore, Alliant intends to leverage K & N’s best in class capabilities to enhance the product offerings for Alliant’s major account and healthcare customers.”
Alliant Foodservice, with total sales of more than $6 billion, is one of the largest privately held enterprises in the United States. Alliant Foodservice also provides access to AlliantLink.com, an internet-based service that provides 24/7 access to a catalog of more than 165,000 foodservice items, equipment, related supplies, and value-added services. Alliant Foodservice is the exclusive distributor of such brand lines as Glenview Farms dairy products, Bluewater Seafood, and Luzzatti Italian product lines.
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