Another foodservice distributor has caught our attention this week with news of a recent acquisition. Raydia Food Group, formerly Stanz-Troyer Holdings, revealed that it has acquired B & B Foods Distributors, a full-line food distributor, restaurant equipment supplier, and wholesale grocery store.
"Our acquisition of B & B Foods is a perfect example of how Raydia Food Group plans to preserve the legacy and long-standing brand equity of the companies we acquire," added Moe Alkemade, Chief Executive Officer of Raydia Food Group. "The goal of our platform is to invest in and help fuel growth for other local food distribution companies that join the Raydia family while enabling them to retain their individual culture and heritage."
B & B Foods currently reports $33 million in sales and has 60 employees, a press release stated. B & B Foods owner Scott Isles will continue to serve as President of B & B Foods, reporting to Alkemade.
Alkemade also highlighted that B & B Foods' strength in the area near the border of Illinois and Southwest Indianapolis is a strategic location that enables Raydia Food Group to continue to grow its regional footprint.
"My family and our B & B Foods managers and employees could not be happier to join the Raydia Food Group platform," says Isles. "We've seen how Raydia is dedicated to preserving our family's legacy, while providing us with unprecedented opportunities for growth in the food distribution, school nutrition, convenience store, and restaurant markets."
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