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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.
Smart & Final calls themselves “the smaller, faster grocery warehouse store.” They’re somewhere between a traditional grocery store and a bulk-buy warehouse like Costco.
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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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.