A unit of Golden State Foods Corp. in Irvine created a company to run a food distributor that it bought in June.
The unit bought Mile Hi Specialty Foods in Denver on undisclosed terms.
Golden State’s Quality Custom Distribution Services Inc. unit made the buy and formed the new company, QCD Rocky Mountain LLC.
Mile Hi Specialty Foods served about 1,000 restaurants—including Starbucks, Chipotle and Einstein Bros. Bagels—in 16 states from facilities in Colorado, Missouri, Utah, Wyoming, New Mexico and Texas. It had 400 employees and $373 million in annual revenue, Colorado Business magazine said.
Golden State delivers meat, produce, dairy and other foods to 125,000 restaurants and retailers from about 50 distribution facilities on six continents, including Starbucks and McDonald’s. It has 7,000 employees and $6.1 billion in annual revenue.
“We’re excited about combining the great culture and traditions established by Mile Hi Specialty Foods with those at GSF,” said Golden State Foods Chief Executive Mark Wetterau in a statement.
A Golden State Foods spokesperson said a Mile Hi Specialty Foods facility in Dallas with about 165 employees and 100 restaurant clients isn’t part of the new company. Two related companies—Mile Hi Foods and Mile Hi Bakery, which together distribute food to McDonald’s, Red Robin and Wendy’s locations—also weren’t part of the purchase and remain owned by the Taddonio family. Kristy Taddonio-Mullins, president of the three companies and great-granddaughter of the founder, is a partner and board member of QCD Rocky Mountain LLC. Her husband, Cody Mullins, is managing director.
—Paul Hughes
