PepsiCo enhances pay, benefits for frontline employees during coronavirus outbreak
Company to also support COVID-19 impacted communities, students More than 90,000 PepsiCo employees will receive additional pay and benefits in response to COVID-19, the company announced. PepsiCo Beverages North America […]
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 […]
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 […]
Greenleaf Foods makes foodservice push with Lightlife Burger
Dave and Buster’s adds Lightlife Burger to menu in U.S., Canada Dave and Buster’s entered into a new partnership to add the plant-based Greenleaf Lightlife Burger to its menu. Greenleaf […]
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. […]
As foodservice distributors face cost pressures, Amazon becomes leading source for online foodservice purchases
According to a study by Technomic, Inc., a Chicago-based foodservice consultancy, Amazon was recognized as a leading source for online purchases from foodservice operators. The 2018 E-Sourcing Impact Study indicates that over 40 percent of foodservice operators indicated using e-sourcing at least once per month. E-sourcing will not become the primary source of purchases for operators… Labor shortages will continue to impact foodservice distributors, in addition to their restaurant operator customers.
