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McLane Buys Meadowbrook Meat

(July 30, 2013 - Reuters)Food distributor McLane Co., a Berkshire Hathaway company, said it would acquire Meadowbrook Meat Co., a nationwide distributor to restaurant chains, in a deal that will substantially increase McLane's size.

Terms of the deal were not disclosed. In a statement, McLane said Meadowbrook would be run by existing management out of its current locations.

Meadowbrook said it has annual revenue of $6 billion and about 3,300 employees, meaning it will increase McLane's size by about 20 percent on both counts.

McLane has been expanding in recent years, building up an alcohol distribution business via a series of acquisitions. Meadowbrook will add to the company's existing foodservice unit, which already delivers to more than 20,000 chain restaurants.

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