KRG portfolio company Diversified Foodservice Supply acquires Mill Hardware
Diversified Foodservice Supply Inc (DFSI), a KRG Capital Partners Fund IV portfolio company, has acquired Mill Hardware & Food Service.
The addition of Mill Hardware to the DFSI portfolio adds scale to the organisation and improves the customer offering for chain restaurants and their associated franchisees.
Mill Hardware will continue to operate as a leading brand in the combined company and joins other DFSI brands AllPoints Foodservice Parts and Supplies, Franklin Machine Products (FMP), and Tundra Restaurant Supply as major brands owned by DFSI.
“Mill Hardware is recognised in the industry as a superior service provider and is clearly focused on the needs of its national chain restaurant and franchisee customers. The combination of Mill Hardware with our other brands will create significant advantages including a broader distribution footprint and a much more robust product offering, which will benefit all of our valued customers,” says Mike Cate, chief executive of DFSI.
DFSI is a portfolio company of KRG Capital Partners Fund IV that was acquired in December of 2010. The acquisition of Mill Hardware represents the 191st investment for KRG since inception.
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