March 14 U.S. discount chain Target Corp
has agreed to buy Chefs Catalog and Cooking.com to boost its
ability to sell cooking products and kitchenware online.
The company did not disclose the financial terms of the two
separate deals, which are expected to close within 30 days.
Target does not expect the deals to affect its results this
year in any meaningful way.
Chefs Catalog, backed by San Francisco-based private equity
firm JH Partners, sells everything from utensils to kitchen
tools directly to customers. The Colorado Springs-based company
runs the www.chefscatalog.com website.
Cooking.com sells more than 30,000 kitchen products as well
as recipes, cookbooks and member-submitted cooking content. The
e-commerce company is based in Marina del Rey, California.