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 […]
Foodservice distributors face cost pressures, Amazon as leading challenges
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 […]
US Foods reports Q2 2018 financial results, acquires SGA Food Group of Companies
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.