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Foodservice distriubutor outlines steps, including hiring freeze Like many other foodservice companies, US Foods has withdrawn its earnings guidance for 2020.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 […]
