US Foods has acquired Watertown, New York, U.S.A.-based broadline distributor Renzi Foodservice for an undisclosed amount.
US Foods, headquartered in Rosemont, Illinois, U.S.A., is one of the country’s largest foodservice distributors, but its recent purchase of Renzi Foodservice is the first acquisition for the company since April 2020 and the first under its new CEO Dave Flitman, who was hired in November 2022. Flitman said the acquisition will allow US Foods to further expand its reach into central upstate New York, where the company does not have a distribution center.
“We look forward to welcoming the Renzi team to US Foods as we continue to deliver on our long-range plan and enhance our position with new and existing customers throughout the region.” Flitman said in a press release.
Renzi Foodservice has more than USD 180 million (EUR 166 million) in annual revenue and operates out of a 110,000-square-foot facility in Watertown. It serves more than 2,300 independent restaurants, healthcare facilities, schools, government organizations, and convenience stores. The acquisition is scheduled to close in the third quarter of 2023, pending regulatory approval.
“We are proud to be joining US Foods as our companies have many similarities, most important of which is the passion for bringing value to customers to help them succeed and a commitment to helping associates grow and thrive,” Renzi Foodservice CEO Jude Renzi said. “We look forward to US Foods investing in our business and expanding access to new and innovative products and business solutions to help our customers continue to grow their businesses profitably.”
US Foods, with 29,000 employees, supplies more than 250,000 restaurants and foodservice operators from 70 broadline locations and more than 85 cash-and-carry stores, It also offers e-commerce, technology, and business solutions.
“We look forward to welcoming the Renzi team to US Foods as we continue to deliver on our long-range plan and enhance our position with new and existing customers throughout the region,” Flitman said. “As one of the most respected family-owned and operated broadline foodservice distributors in Northern and Central New York, Renzi has built a strong reputation for great customer service and high-quality food from their modern distribution facility in Watertown, New York.”
Photo courtesy of Renzi Foodservice
