Today it was announced that US Foods has agreed to acquire Save On Seafood, a processor and distributor in St. Petersburg, FL, with annual sales of more than $80 million.
“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. “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.”
The seafood distributor provides fresh and frozen seafood to foodservice and retail establishments throughout the Southeast U.S., thus allowing US Foods to service customers in that region.
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, according to a press release.
The transaction is expected to close on October 28. Terms of the acquisition were not disclosed.