PROVIDENCE – United Natural Foods Inc. has completed its acquisition of rival Haddon House Food Products Inc.
In February, United announced it had entered into the agreement to acquire Haddon for approximately $217.5 million. The final purchase price is subject to a customary post-closing, net working capital adjustment, according to a May 16 news release.
With the completion of the transaction, Haddon is now a wholly owned subsidiary of UNFI and will continue to operate as Haddon House Food Products. Founded in 1960, Haddon is a distributor and merchandiser of natural and organic and gourmet ethnic products throughout the eastern United States.
Haddon is headquartered in Medford, N.J., and has a diverse, multichannel customer base, including conventional supermarkets, gourmet food stores and independently owned product retailers.
United carries and distributes more than 85,000 products to more than 40,000 customer locations throughout the United States and Canada. •