Allen Brothers Acquired Arleen Foods
PHILADELPHIA -- Allen Brothers Wholesale Distribution, a leading distributor for convenience stores and beverage outlets in the mid-Atlantic Region, acquired Delaware-based Arleen Foods. The transaction is valued at the approximate range of $6.5 million, the company reported.
A primary distributor of candy, beverages, snacks, health & beauty supplies, tobacco, grocery and frozen products, Allen Brothers is headquartered in Northeast Philadelphia. Now in its third generation of family ownership, the company is celebrating its 100th anniversary this year.
“It’s an exciting opportunity to continue to expand our breadth of product,” Jeff Allen, president of Allen Brothers said in a released statement. “We strongly believe in Arleen Foods value, and we welcome the opportunity to further expand our growing presence in the mid-Atlantic area. We look forward to developing relationships with the customers of Arleen Foods by offering thousands of more products, the most up to date technologies in our business and superior service. This is the same strategy we have successfully incorporated over the past 100 years.”
For over 70 years, Arleen Foods specialized in the frozen and refrigerated sectors, in addition to their dairy products, grocery, candy and ethnic foods. Prior to the acquisition, Arleen Foods had been in business since 1938 with locations in Philadelphia and Wilmington, Del.
Allen Brothers’ headquarters is in Philadelphia and stretches over six acres. The company services every county of Pennsylvania, New Jersey, Delaware, Maryland, New York and DC with next day delivery. As well as convenience stores, Allen Brothers also services gift shops in hotels and hospitals, liquor stores, drug stores, country clubs, supermarkets, grocery stores and schools.