US Foods Completes Acquisition of Renzi Foodservice

Rhea-AI Summary

US Foods Holding Corp. completes acquisition of Renzi Foodservice, a distributor in Watertown, New York, expanding its reach into central upstate New York.

ROSEMONT, Ill.--(BUSINESS WIRE)-- US Foods Holding Corp. (NYSE: USFD) today announced that it has successfully completed the previously announced acquisition of Renzi Foodservice, a broadline distributor located in Watertown, New York. The transaction closed today, July 7, 2023. The acquisition enables US Foods to further expand its reach into central upstate New York where the company does not have a distribution center.

Terms of the transaction were not disclosed. To learn more about the Renzi Foodservice acquisition, please view the company’s May 19, 2023 press release announcement here.

About US Foods

With a promise to help its customers Make It, 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 70 broadline locations and more than 85 cash and carry stores, US Foods and its 29,000 associates 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. Visit www.usfoods.com to learn more.

Forward Looking Statements

Statements in this press release which are not historical in nature, are “forward-looking statements” within the meaning of the federal securities laws. These statements often include words such as “believe,” “expect,” “project,” “anticipate,” “intend,” “plan,” “outlook,” “estimate,” “target,” “seek,” “will,” “may,” “would,” “should,” “could,” “forecast,” “mission,” “strive,” “more,” “goal,” or similar expressions (although not all forward-looking statements may contain such words) and are based upon various assumptions and our experience in the industry, as well as historical trends, current conditions, and expected future developments. However, you should understand that these statements are not guarantees of performance or results and there are a number of risks, uncertainties and other important factors that could cause our actual results to differ materially from those expressed in the forward-looking statements. For a detailed discussion of these risks, uncertainties and other factors that could cause our results to differ materially from those anticipated or expressed in any forward-looking statements, see the section entitled “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022 filed with the Securities and Exchange Commission (“SEC”) on February 17, 2023. Additional risks and uncertainties are discussed from time to time in current, quarterly and annual reports filed by the Company with the SEC, which are available on the SEC’s website at www.sec.gov and the Company’s investor relations page at ir.usfoods.com. Additionally, we operate in a highly competitive and rapidly changing environment; new risks and uncertainties may emerge from time to time, and it is not possible to predict all risks nor identify all uncertainties. The forward-looking statements contained in this press release speak only as of the date of this press release and are based on information and estimates available to us at this time. We undertake no obligation to update or revise any forward-looking statements, except as may be required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230707495234/en/

Sara Matheu

Director of Media Relations

773-580-3775

Sara.Matheu@usfoods.com

Source: US Foods

FAQ

What is the name of the company that completed the acquisition?

US Foods Holding Corp.

Where is Renzi Foodservice located?

Watertown, New York.

What is the significance of this acquisition for US Foods?

It allows US Foods to expand its reach into central upstate New York where it does not have a distribution center.

When did the transaction close?

July 7, 2023.

Were the terms of the transaction disclosed?

No, the terms were not disclosed.