Chefs' Warehouse acquires Chef Middle East; raises FY2022 guidance

Chefs' Warehouse, Inc.

Acquired Chef Middle East (CME) from Gulf Capital; CME operates in UAE, Qatar, Oman.
CME expected to generate $160-180M annual net sales and $11-14M EBITDA.
FY2022 net sales guidance raised to $2.48-2.58B (from $2.45-2.55B).
Adjusted EBITDA guidance raised to $147-157M (from $145-155M).
First acquisition outside North America.

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