Foodservice distributor US Foods Holding Corp. is looking to readjust its corporate structure.
“This is a continuation of work we did before our IPO… and something we believe will further support our long-term growth,” a US Foods spokeswoman said, according to the Wall Street Journal, on moves being made at the corporate level. According to the new source, the purpose behind the move is to trim costs. Part of this could mean cutting hundreds of positions in corporate roles like accounting, IT services, and human relations over the next 12 to 18 months.
The company currently employs upwards of 25,000 people across the U.S., reporting about $23 billion in sales annually and operating 62 distribution centers. As of late, US foods has made a number of strategic moves, including the announcement of acquiring seafood processor and distributor Save on Seafood late last week.
“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, in a press release on the buy. “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 company also recently acquired New York-based Italian specialty distributor Jeraci Foods to bolster its portfolio in those offerings. What move will it make next in it continued effort for growth and efficiency? Keep checking in with Deli Market News.
