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Cfs Brands Acquires The Foodware Group

Oct 03, 2023•about 2 years ago

Acquiring Company

Cfs Brands

Acquired Company

The Foodware Group

ManufacturingHospitalityFood And BeverageRetail

Description

CFS Brands announced today that it has acquired The Foodware Group (TFG), creating a preferred provider of smallwares and supplies to the foodservice, healthcare, and hygiene markets, well positioned to capitalize on future growth opportunities. The transaction was completed October 2, 2023. Terms of the transaction were not disclosed.

Company Information

Company

Cfs Brands

About

CFS Brands (www.CFSBrands.com) is a U.S.-based manufacturer of products for the foodservice, healthcare, and janitorial industries. CFS Brands operates Carlisle FoodService Products, Dinex, Sparta, El Castor, Jofel, Piper, San Jamar, Snap Drape, WipesPlus, Elite Global Solutions, and AyrKing brands globally. Based in Oklahoma City, OK, CFS Brands employs more than 1,600 people across its headquarters, six manufacturing locations, and seven distribution centers worldwide.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed