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Saturday, March 20, 2004

Honolulu distributor takes over MORRAD

The Maui News:
Honolulu distributor takes over MORRAD

KAHULUI - Kahului-based MORRAD Foodservice will be acquired April 17 by HFM FoodService of Honolulu. The food-product wholesaling companies will maintain separate business names, personnel, facilities and operations, but the combined operation will be the largest in the state.
Both companies are involved in wholesaling and distribution of a range of grocery products including fresh produce and processed food products, industrial and household chemicals and paper products.
Donald Zwade, president of MORRAD, called the deal 'a win-win for both companies. It provides the capital and overall structure to make MORRAD's vision a reality.'
MORRAD was founded in 1978 and operates on Maui, Molokai, Lanai, the Big Island and Kauai. HFM, found in 1964, operates in Hawaii, Guam and throughout the Pacific.
In a press statement, HFM said the two operations are 'highly compatible.'"

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