Merger acquisition

CFS Brands announced it has completed the acquisition of Araven Hospitality-Foodservice, an innovative supplier of smallwares and supplies to the Foodservice industry. Araven is a leading brand in the European market and produces a variety of product solutions for food preservation and storage, serving, displayware, catering, transport, and cleaning. The company is headquartered in Zaragoza, Spain, which also serves as its primary distribution center.
 
Trent Freiberg, CEO of CFS Brands, commented, “While their products are sold around the globe, Araven is a clear leader in the European foodservice market and has established an incredible reputation within the hospitality industry and with culinary professionals. The acquisition of Araven Hospitality-Foodservice further enhances our unique value to our customers by providing the largest breadth and depth of high quality and innovative products. We are excited to work with the leadership team at Araven, and we welcome all Araven employees to CFS Brands.”
 
Araven will operate as stand-alone entity within CFS Brands. Both customers and suppliers should continue to interact with CFS and Araven as they have in the past.