date:Jun 29, 2012
An additional cash amount of up to $2m (1.3m) will be paid dependent on certain performance conditions. Schau is a producer of fresh sandwiches and sushi as well as fresh entrees and other ready-to-eat items, sold through both the convenience store and grocery retail channels. It has facilities in Chicago and Jacksonville.
The company, which reported revenue of $32m last year, is a major supplier to 7-Eleven stores in the Chicago area.
This acquisition comes after the Greencore's acquisition of