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US Foods Agrees To Acquire Save On Seafood
(UNITED STATES, 10/20/2016)
US Foods has announced that it has agreed to acquire Save On Seafood, a seafood processor and distributor in St. Petersburg, Florida with annual sales of more than USD 80 million.
Save On Seafood provides fresh and frozen seafood to restaurants and grocery stores throughout the Southeast United States. This acquisition will help strengthen US Foods’ ability to provide seafood to its customers throughout the Southeast Region.
US Foods' product lineup spans more than 350,000 items, including its exclusive Chef's Line brand, and Rykoff Sexton: a premium line of specialty ingredients sourced from around the world.
“Seafood sales continue to rise throughout the Southeast, and with Save On Seafood we are able to expand our fresh and frozen seafood offerings to our customers in these markets,” said David Norton, president, Stock Yards, US Foods.
David Norton.
“With over 30 years in business, the great team at Save On has built a reputation for exceptional customer service, consistency, standards of operations and safety and we are excited to work together to continue delivering the fresh, high quality seafood our customers want,”, said Norton.
US Foods will operate out of the Save On Seafood facility and expects to welcome all approximately 170 Save On employees to US Foods, including owner Gib Migliano as President of Save On Seafood, a US Foods subsidiary.
Save On Seafood will be part of US Foods’ Stock Yards organization.
The transaction is expected to close on October 28. Terms of the acquisition were not disclosed.
Save On Food retail shop.
About US Foods
US Foods is one of America’s great food companies and a leading foodservice distributor, partnering with approximately 250,000 chefs, restaurateurs and foodservice operators to help their businesses succeed.
With nearly 25,000 employees and more than 60 locations, US Foods provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology and business solutions. US Foods is headquartered in Rosemont, Illinois and generates approximately USD 23 billion in annual revenue.
(UNITED STATES, 10/20/2016)
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