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Smart & Final is a chain of warehouse-style food and supply stores based in Commerce, California, which developed through a series of mergers and expansions. The oldest of the combined companies, Hellman, Haas & Co. , was founded in 1871 in Los Angeles .
Smart Foodservice Warehouse Stores operated as an independent division of Smart & Final, LLC between 2008 and 2020. In March 2020, US Foods agreed to acquire the Smart Foodservice Warehouse Stores from Apollo Global Management for $970 million. [3] In March 2021, US Foods rebranded all Smart Foodservice Warehouse stores as US Foods CHEF'STORE.
In October 2007, Whole Foods Market sold all 35 Henry's Farmers Market and Sun Harvest Market stores to a subsidiary of Los Angeles grocer Smart & Final for $166 million (~$235 million in 2023). [6] Earlier in 2007, Smart & Final had been acquired by the private equity firm Apollo Management. [7]
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The city of Los Angeles issued a $10,000 fine against Smart & Final and $5,000 fine against a security contractor for mistreatment of a Black shopper.
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In September of that year, Casino gained control of Smart & Final Iris (i.e. the former Thriftimart, Inc.) by acquiring the combined 87% of the company's Class B stock owned by the founder's children Roger Laverty II, Robert Laverty, and Nancy Harris for $75 million. [15] [16] Class B shareholders controlled 5 of the company's 9 board seats. [17]
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