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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
Top distributors may face slowing demand from independent restaurants 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 […]
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.
US Foods reported its Q2 2018 financial results. Total case volume was down 0.9 percent and restaurant case volume from independent restaurants was up 3.8 percent. Net sales were relatively flat at $6.2B,down $1M from last year’s same period. US Foods also announced its acquisition of SGA’s Food Group of Companies for $1.8B,. SGA had total revenue of $3.2B and has about 3,400 employees.