US Foods is injecting some excitement into this Monday morning as the distributor has announced its acquisition of Watertown, New York-based Renzi Foodservice. With this deal, the company will be expanding its footprint into the central upstate New York region.
“We look forward to welcoming the Renzi team to US Foods as we continue to deliver on our long-range plan and enhance our position with new and existing customers throughout the region,” said Dave Flitman, Chief Executive Officer of US Foods. “As one of the most respected family-owned and operated broadline foodservice distributors in Northern and Central New York, Renzi has built a strong reputation for great customer service and high-quality food from their modern distribution facility in Watertown, New York.”
Pending regulatory approval, the acquisition is expected to close in the third quarter of 2023, allowing US Foods to extend its reach into a region where it does not currently have a distribution center.
According to a press release, Renzi Foodservice has more than $180 million in annual revenue and serves more than 2,300 independent restaurants, healthcare facilities, schools, government organizations, convenience stores, and other customers.
“We are proud to be joining US Foods as our companies have many similarities, most important of which is the passion for bringing value to customers to help them succeed and a commitment to helping associates grow and thrive,” said Jude Renzi, Chief Executive Officer of Renzi Foodservice. “We look forward to US Foods investing in our business and expanding access to new and innovative products and business solutions to help our customers continue to grow their businesses profitably. The entire Renzi family thanks all our valued employees and customers who have supported us throughout our 46 years.”
Following the transaction, Renzi Foodservice will continue to operate in the 110,000-square-foot facility where it conducts business today. Terms of the deal were not disclosed.
Keep checking out Deli Market News to find out what this acquisition will mean for US Foods moving forward.