US Foods Agrees to Acquire Save On Seafood
October 19 2016 - 1:00PM
Business Wire
US Foods today announced that it has agreed to acquire Save On
Seafood, a seafood processor and distributor in St. Petersburg,
Fla. with annual sales of more than $80 million.
Save On Seafood provides fresh and frozen seafood to restaurants
and grocery stores throughout the Southeast United States. This
acquisition will help strengthen US Foods’ ability to provide
seafood to its customers throughout the Southeast Region.
“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.”
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.
The transaction is expected to close on October 28. Terms of the
acquisition were not disclosed.
About US Foods
US Foods is one of America’s great food companies and a leading
foodservice distributor, partnering with approximately 250,000
chefs, restaurateurs and foodservice operators to help their
businesses succeed. With nearly 25,000 employees and more than 60
locations, US Foods provides its customers with a broad and
innovative food offering and a comprehensive suite of e-commerce,
technology and business solutions. US Foods is headquartered in
Rosemont, Ill. and generates approximately $23 billion in annual
revenue. Discover more at www.usfoods.com.
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US FoodsLisa Lecas847-720-8243lisa.lecas@usfoods.com
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