Rosemont, IL-based U.S. Foodservice, foodservice distributor, has completed its pending transaction with Clark National, Inc. to acquire certain key operating assets of Clark’s South Bend, IN, broadline foodservice distribution business.
U.S. Foodservice plans to service former Clark South Bend customers from the U.S. Foodservice distribution locations in Indianapolis, Indiana and Bensenville, IL.
The decision to divest our South Bend division is consistent with our niche strategy and enables us to focus exclusively on our packaging/jan-san and specialty foodservice businesses across the U.S.,” said Clark’s President and CEO Donald Hindman. South Bend was the company’s only “true broadline house,” he said.
U.S. Foodservice is a full service …
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Foodservice distributor IJ Company, Knoxville, TN, announced it will consolidate its Tallahassee division into its IJ Valdosta facility.
Over the last several years the IJ Tallahassee Division has continued to grow and now requires additional warehouse space,” the company said in a release.
The change will allow the Southern Region, which includes IJ Tallahassee, IJ Valdosta and IJ Atlanta to continue its growth. “We are thrilled to have the opportunity to dramatically expand the available product offering to IJ’s customers and enhance its competitive offering through realizing the synergies that a larger facility can achieve,” said Barry Houghtalen, Senior Vice President, IJ Company Southern Region.
The target date for this consolidation is …
U.S. Foodservice, Rosemont, IL, has announced plans to transition its multi-unit business currently serviced from Altoona, PA, to other U.S. Foodservice locations to improve efficiency in its operations.
Under the new structure, service currently provided by the Altoona Division to national multi-unit restaurants will move to other U.S. Foodservice locations. The change will reduce the miles driven to serve these customers, according to a press release, and reduce fuel consumption and time it takes to drive.
The change reduces U.S. Foodservice’s workforce at the Altoona Division by 20% of the 450 employees.
U.S. Foodservice is a national broadline distributor with more than 70 locations worldwide. The company distributes food and related products to …
Colabor Income Fund has agreed to acquire Canadian foodservice distributor Bruce Edmeades Co. for C$10 million in cash plus the assumption of debt.
Bruce Edmeades has annual revenues of more than C$230 million in 2007.
The addition of Bruce Edmeades to Colabor’s already strong presence in Ontario through the Summit division represents a natural progression in our plan to consolidate the Eastern Canadian foodservice distribution market,” said Gilles C. Lachance, president and CEO of Colabor. “Bruce Edmeades adds significant volume to our system, due in part to the addition of several prominent clients. With this Acquisition, Colabor’s annual sales are expected to surpass the $1 billion mark.”
Bruce Edmeades currently stocks 9,000 products and operates …
Diversified global manufacturer Carlisle Companies Inc., Charlotte, NC, has acquired Dinex International, Inc., a supplier of foodservice products to the healthcare and other institutional industries. With annual sales of $85 million, Dinex supplies traytop smallwares, dishware, disposable lids and packaging as well as heating and meal delivery systems.
The company has facilities in Glastonbury, Connecticut and Batavia, IL. The business will operate within Carlisle FoodService Products.
Dinex distributes its products through foodservice distributors serving the healthcare sector, including hospitals, nursing homes and other care and assisted living facilities.
This acquisition complements Carlisle’s core foodservice product categories and …
Food product distributor SYSCO Corp., Houston, TX, reported sales for the second quarter 2008 ended Dec. 29, 2007, were up 7.8% to $9.24 billion. Profit was up 7.1% to $264.1 million from the prior-year period.
Food cost inflation, as estimated by the change in SYSCO’s cost of goods, was 5.9% for the quarter.
In the first half, sales increased 8.1% to $18.65 billion, and profit grew 11.4% to $531.1 million. Food cost inflation, as estimated by the change in SYSCO’s cost of goods, was 5.9% for the first half of fiscal 2008.
For the fiscal year 2007 ended June 30, 2007, the company had more than $35 billion in …
SYSCO Corp., Houston, TX, reported sales in its first quarter ended Sept. 29, 2007, grew 8.5% to $9.4 billion from the same period last year. Sales from acquisitions in the past 12 months contributed 0.2% to the sales growth.
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Food cost inflation, as estimated by the change in SYSCO’s cost of goods, was 5.9% for the quarter.
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Profit was $267 million, up from $230 million in the same period a year ago, an increase of 16%.
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SYSCO reported that it saw unusually high food cost inflation” for the second consecutive quarter. (See 3Q Inflation Trends by Commodity Group) These conditions contributed to a 21 basis point reduction in gross margins and a 51 basis point decrease in operating …
SYSCO Corporation, Houston, TX, reported sales increased 8.5% to $9.23 billion in the fourth quarter ended June 30, 2007. Sales for fiscal 2007 increased 7.4% to $35.04 billion.
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Profit was $303.4 million in the fourth quarter, compared with $254.1 million in the prior-year period. In fiscal 2007, profit was $1 billion, compared with $855.3 million in the prior fiscal year, an increase of 17%.
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SYSCO Corporation, Houston, TX, foodservice marketer and distributor, announced its subsidiary for personal care amenities and other hotel operating supplies, Guest Supply, LLC, has acquired Austin Tatum, a personal care amenity company headquartered in Hong Kong.
The acquisition of Austin Tatum represents an important step for Guest Supply’s and SYSCO’s expansion into the international market,” said Richard J. Schnieders, SYSCO’s chairman and CEO. “With a local presence and infrastructure in place, Guest Supply will now be in a position to better service the Asian properties of its U.S.-based clients as well as increase its Asian client base and the number of product categories it sells in Asia.”
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SYSCO distributes food products to restaurants, healthcare and …
Ahold has agreed to sell U.S. Foodservice to a consortium of Clayton, Dubilier & Rice and Kohlberg Kravis Roberts & Co for $7.1 billion.
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Anders Moberg, Ahold president & CEO, said: “I am extremely pleased to be able to announce that we have reached this important milestone for U.S. Foodservice, for Ahold and for our shareholders. We have focused on restructuring U.S. Foodservice, strengthening its capabilities and restoring profitability.”
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U.S. Foodservice had 2006 net sales of $19.2 billion. It is a full-service foodservice distributor, which distributes food and related products across the U.S. to more than 250,000 foodservice customers, including restaurants, hospitals, hotels, schools, the government …
John F. Baugh, the founder of foodservice distributor Sysco Corp., has died at age 91.
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Baugh left his job in 1946 as a manager for the local A & P, Waco, TX, to launch food distributor Zero Foods. He made deliveries in the company’s only truck six times a week – and after that he would make sales calls to cafeterias, bakeries and hospitals.
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More than 20 years later, in 1969, Baugh met with eight other distributors and created SYSCO Corporation. Since the company’s initial public offering in 1970, when the company was at $115 million; SYSCO has grown to $30.3 billion in sales, according to its Web site.
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SYSCO has 69 distribution facilities and provides products and services to more than 390,000 …
