Growth within the world of distribution and foodservice often means dynamic partnerships that flaunt both companies' expertise. Most recently, United Natural Foods, Inc. (UNFI) entreated into a merger with FMS Solutions, in which it agreed to divest its Retail Accounting Services Division. The transaction is expected to be completed by June 6, 2020.
“We saw an opportunity to merge two organizations with the same client-centric approach and genuine passion for the grocery industry,” stated Gary Bickmore, Vice President of Strategic Alliances at FMS. “UNFI and FMS have a long history of providing excellent accounting and payroll services across North America. We look forward to overcoming any challenges of assimilating both teams. Moreover, we expect to continue to provide best in class services to all our clients.”
According to news source abasto, the wholesaler’s diversified customer portfolio will be used to create a new roadway to help more independent retailers succeed.
Under the terms of the agreement, UNFI’s retail accounting teams located in Anniston, AL; Champaign, IL; Hopkins, MN; Pittsburgh, PA; and St Louis, MO, will become FMS subsidiaries. Currently, UNFI retail accounting employees are being offered continued employment with FMS and will then transition to FMS when the transaction closes next month.
No financial details were disclosed at this time.
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