US Foods Agrees to Acquire FirstClass Foods
April 24 2017 - 1:11PM
Business Wire
US Foods today announced that it has agreed to acquire
FirstClass Foods, a privately owned meat manufacturing company
based in Hawthorne, Calif. with nearly $55 million in annual
sales.
FirstClass Foods has been delivering high quality center of the
plate products to customers throughout Southern California since
1962. The company specializes in custom processing and portion
control cuts of beef, pork, lamb, veal, poultry, seafood and
specialty products.
“US Foods has worked with FirstClass Foods for years and we’ve
experienced the company’s commitment to high quality products and
consistency,” said David Norton, president, US Foods’ Stock
Yards. “This acquisition will allow us to expand our center of the
plate offering and better serve our customers throughout southern
California.”
“We are excited about this new phase of our partnership with US
Foods,” said Solly Benzimra, president, FirstClass Foods. “From the
very beginning, we have delivered on our commitment to our
customers and we are looking forward to the next chapter for our
company as part of US Foods.”
US Foods will operate out of the 50,000 square foot facility in
Hawthorne as a US Foods Stock Yards facility where FirstClass Foods
operates today and expects to welcome its more than 100 employees
to the company.
The transaction is expected to close by the end of April. 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170424006242/en/
US FoodsSara Matheu(847) 720-2392Sara.Matheu@usfoods.com
US Foods (NYSE:USFD)
Historical Stock Chart
From Mar 2024 to Apr 2024
US Foods (NYSE:USFD)
Historical Stock Chart
From Apr 2023 to Apr 2024