United Natural Foods announced their fourth acquisition this year, with New York-based Gourmet Guru, a company that provides distribution and merchandising for up-and-coming fresh and organic brands.
This new business move will help UNFI become familiar with new fresh and organic brands and gain more attention in urban markets. According to Supermarket news, “the transaction is expected to be neutral to UNFI’s fiscal 2017 earnings and modestly accretive to UNFI’s earnings in Fiscal 2018.”
UNFI will take this opportunity to “strengthen [its] expertise in identifying new and fast-growing health and wellness brands with the strategic acquisition of Gourmet Guru,” Steven Spinner, UNFI’s president and CEO, said in a press release.
The CEO of Gourmet Guru, Jeff Lichtenstein, will remain in a leadership role. “UNFI recognizes the importance of helping exciting and new producers of fresh and organic foods and Gourmet Guru is proud to become a part of UNFI,” said Lichtenstein.
Both companies are excited to bring an inventive variety of products to the market.
