US Foods Agrees to Acquire TOBA Inc. Distribution Companies
July 14 2017 - 1:22PM
Business Wire
Purchase of The Thompson Company, Braunger
Foods and Variety Foods To Expand Midwest Footprint
US Foods announced today that it has agreed to acquire broadline
distributors, The Thompson Company, Braunger Foods and Variety
Foods, owned and operated by TOBA Inc.
TOBA Inc. entered food distribution in 1995 with the purchase of
The Thompson Company in Grand Island, Nebraska, and expanded with
the 2002 acquisition of Braunger Foods located in Sioux City, Iowa,
and Variety Foods in 2007, located in Sioux Falls, South Dakota.
With more than $130 million in combined annual sales, the three
companies serve independent restaurant, school, grocery and
convenience store customers in seven states across the Midwest.
“This acquisition allows us to expand further into the Midwest
and positions us even closer to our customers,” said Russell Scott,
Midwest president, US Foods. “We look forward to building on the
expertise of the strong employee base at The Thompson Company,
Braunger Foods and Variety Foods and welcoming them to US
Foods.”
US Foods will continue to operate all three locations and
expects to welcome the combined employee base of approximately 250
team members to the company.
The transaction is expected to close by late July. Terms of the
transaction 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
restaurants 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. Visit
www.usfoods.com to learn more.
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US FoodsSara Matheu(847) 720-2392Sara.Matheu@usfoods.com
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