M&A Deal Summary

Harbor Wholesale Foods Acquires Rich and Rhine

On April 2, 2021, Harbor Wholesale Foods acquired distribution company Rich and Rhine

Acquisition Highlights
  • This is Harbor Wholesale Foods’ 2nd transaction in the Distribution sector.
  • This is Harbor Wholesale Foods’ 2nd transaction in the United States.
  • This is Harbor Wholesale Foods’ 1st transaction in Oregon.

M&A Deal Summary

Date 2021-04-02
Target Rich and Rhine
Sector Distribution
Buyer(s) Harbor Wholesale Foods
Deal Type Add-on Acquisition

Target

Rich and Rhine

Portland, Oregon, United States
Rich and Rhine is a full-line distribution company with a focus on servicing convenience stores in the Pacific Northwest. Rich and Rhine are based in Portland, Oregon.

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Buyer(S) 1

Buyer

Harbor Wholesale Foods

Lacey, Washington, United States

Category Company
Founded 1923
Sector Food
DESCRIPTION

Harbor Wholesale Foods, Inc. is a 4th generation family-owned and operated business distributing products to NW customers since 1923. Harbor currently services more than 3,000 locations throughout WA, OR, and parts of CA, ID, and AK from distribution centers in Lacey, WA, and Roseburg, OR. Harbor Wholesale Foods, Inc. family culture and local presence will continue to provide excellent service, superior products, and a deep-rooted connection to the local market.


DEAL STATS #
Overall 2 of 4
Sector (Distribution) 2 of 4
Type (Add-on Acquisition) 2 of 4
State (Oregon) 1 of 1
Country (United States) 2 of 4
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-11 Food Services of America

Scottsdale, Arizona, United States

Food Services of America is one of the nation's largest broadline foodservice distributors, serving customers throughout the mid-west, west, and Alaska from our regional distribution centers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-22 MTC Distributing

Modesto, California, United States

MTC Distributing is a distributor of tobacco products. MTC Distributing was founded in 1921 and is based in Modesto, California.

Buy -