IRVINE, CALIF. — Quality Custom Distribution (QCD), a subsidiary of Golden State Foods, has reached an agreement to acquire the assets of Mile Hi Specialty Foods. Financial terms of the transaction were not disclosed.
Once acquired, the assets will be used to create QCD Rocky Mountain L.L.C., a new business that will include distribution centers in Denver and Kansas City, and satellite locations in Salt Lake City, Casper, Wyo., and Albuquerque, N.M. QCD Rocky Mountain will service more than 900 restaurants throughout the north central United States, and customers will include Starbucks, Chipotle, Einstein Bros. Bagels and Noodles & Co.
|Mark Wetterau, chairman and c.e.o. of Golden State Foods|
“We’re excited about combining the great culture and traditions established by Mile Hi Specialty Foods with those at GSF and continuing our longstanding partnership with our customers,” said Mark Wetterau, chairman and chief executive officer, Golden State Foods.
Kristy Taddonio Mullins, president of Mile Hi Specialty Foods, will join the company as a partner and board member of QCD Rocky Mountain, while Cody Mullins, vice-president of Mile Hi Specialty Foods, will join the company to lead the operations and serve as managing director of QCD Rocky Mountain, reporting to Ali Seyedi, president of QCD.
“Partnering with a like-minded organization is a great opportunity for us to continue that work and to better support our customers and our employees,” Mr. Mullins said.
“Expanding QCD’s presence throughout the Rockies enhances our ability to service our customers who are quickly growing in those regions,” Mr. Seyedi said. “Through this new venture, QCD Rocky Mountain will have the experience and support of GSF, coupled with the relationships and distribution footprint developed by Mile Hi Specialty Foods, which is the right combination to deliver greater value and innovative solutions to our customers.”The other Mile Hi businesses, including Mile Hi Foods and Mile Hi Bakery, are not a part of this new agreement, and will continue to remain Taddonio family-owned.