CFS Brands Acquires Cornerstone Foodservice Group

CFS Brands has acquired Cornerstone Foodservice Group (CFG), the parent company of brands such as Spring USA, Equipex, LloydPans, Astra Manufacturing, and Versa-Gard. Both companies are FEDA manufacturer members.

The acquisition is expected to strengthen CFS Brands’ portfolio of quality-focused foodservice brands. CFG is headquartered in Naperville, Illinois, and has manufacturing operations in Spokane, Washington; Providence, Rhode Island; and Morrow, Georgia.

“Cornerstone Foodservice Group has built an incredible collection of well-recognized brands with a reputation for exceptional quality, design and innovation,” said Trent Freiberg, CEO of CFS Brands. “Cornerstone joins a portfolio of businesses and brands that are leaders in their respective markets. The combination of CFG and CFS Brands will give customers even further access to the broadest and deepest lineup of products and solutions to enhance their business. We are excited to work with the leadership team at Cornerstone Foodservice Group, and we welcome all CFG employees to CFS Brands.”

In a news release, CFS Brands said CFG’s integration will be approached as a thoughtful, gradual evolution. The process will begin with a deliberate focus on building a deep understanding of the businesses, brands and teams, as well as identifying the unique strengths and opportunities each company brings. The CFG brands will continue to operate as stand-alone entities within CFS Brands. Customers and suppliers can expect business as usual, with ongoing interactions conducted as they are today, CFS Brands added.

“Joining CFS Brands marks an exciting new chapter for Cornerstone Foodservice Group,” said Kristine Holtz, CEO of CFG. “This partnership allows us to build on our legacy of innovation and service while creating new opportunities for our customers and employees. We are proud to align with such a respected and professional organization.”