US Foods hits charitable milestone in donated product for hunger relief
Distributor donates $10M in food and supplies to fight food insecurity As food banks across the country are challenged to meet the growing demand of households facing food insecurity, US […]
US Foods finalizes purchase of Smart Foodservice Warehouse Stores
Acquisition completed after US Foods announces $1B notes offering US Foods completed the acquisition of Smart Foodservice Warehouse Stores. The $970M transaction was completed April 24 as previously scheduled. The […]
As US Foods finalizes Smart Foodservice Warehouse acquisition, purchase bolstered by new $500M KKR investment
Infusion helps US Foods move ahead with $970 purchase of cash-and-carry distributor Investment firm KKR returned to its relationship with US Foods. CD&R and KKR are the private equity firms […]
PFG shares employees with grocers, adds 480 new, grocery customer locations
Distributor also helps restaurants transition to higher-volume off-premises business Performance Food Group (PFG) announced it had signed 10 new agreements with food retailers year-to-date. Also, the nation’s second-largest broadline food […]
US Foods withdraws earnings guidance, starts cost-cutting amid COVID-19
Foodservice distriubutor outlines steps, including hiring freeze Like many other foodservice companies, US Foods has withdrawn its earnings guidance for 2020. The company also indicated it had undertaken a cost […]
US Foods to acquire Smart Foodservice Warehouse Stores for $970M
Transaction boosts broadliner’s positioning in the $17B cash-and-carry market US foods Holding Corporation announced it will acquire Smart Foodservice Warehouse Stores from affiliates of Apollo Global Management for $970M in […]
Coastal Companies acquires Lancaster Foods, expanding produce empire
Lancaster Foods becomes fourth subsidiary of The Coastal Companies The Coastal Companies acquired Lancaster Foods, a retail produce distributor, from Fairfax, Va.-based Guest Services, a hospitality management company. Founded in […]
PFG finalizes purchase of Reinhart Foodservice from Reyes
Both buyer, seller boast around $30B in annual revenues after transaction Performance Food Group (PFG) completed its purchase of Reinhart Foodservice from Reyes Holding LLC. With this acquisition, PFG has […]
PFG receives approval from FTC to finalize Reinhart purchase
Transaction should close by December 31, 2019 Performance Food Group (PFG) received approval from the Federal Trade Commission (FTC) to acquire Reinhart Foodservice. Disclosed in October, the FTC submitted a […]
US Foods Q3 earnings point to robust top-line growth
Food Group acquisition boosts independent restaurant results US Foods Q3 2019 earnings were announced, showing robust top-line growth. Net sales were up 6.1 percent from last year to $6.5B. Organic […]
PFG receives FTC inquiry related to Reinhart acquisition
Overcoming hurdle would position PFG for number 2 foodservice distributor spot PFG announced October 1 that it received an inquiry from the Federal Trade Commission (FTC). The request is for […]
FoodBAM acquires Orderly, expands restaurant management tools suite
Acquisition of Orderly enhances restaurant cost-tracking capabilities FoodBAM announced the acquisition of Orderly, a food-spend tracking software and cost of goods (COGS) tool. FoodBAM provides ordering, inventory and recipe costing […]
PFG to purchase Reinhart Foodservice from Reyes Holdings
Second sizable 2019 acquisition moves PFG ahead of US Foods in sales volume, for now Performance Food Group (PFG) agreed to purchase Reinhart Foodservice from Reyes Holdings, LLC for $2.0B. […]
Blockchain advancements help the restaurant industry
Blockchain boosts transparency, food safety, prevents food fraud The foodservice industry continues to adopt key technologies to help improve the safety, traceability and profitability of food products. Blockchain technology helps […]
2019 National Restaurant Show co-chairs selected
Freddy’s Frozen Custard, Ecolab executives advise National Restaurant Show The National Restaurant Show selected Scott Redler of Freddy’s Frozen Custard & Steakburgers and Mike Hickey of Ecolab Inc. to serve […]
Trending in foodservice supply chain: technology
AI pricing, algorithms, blockchain, e-sourcing, PIM/DIM What does the future in foodservice supply chain look like? When it comes to conversations surrounding foodservice supply chain trends, advances in blockchain, AI […]
