August 13/Chicago/Reuters -- Chefs' Warehouse, which distributes specialty food products to restaurants, country clubs, hotels, caterers and stores, paid $54.3 million to purchase Michael's Finer Meats LLC. The acquisition is the company's fourth in just over a year.

Ridgefield, Connecticut-based Chefs' Warehouse expects Michael's to add about 6 to 8 cents per share to its annual profit after it is fully integrated. The deal is not expected to contribute significantly to 2012 results, it added.