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Rosamond, IL, United States

US Foods is one of the USA’s leading distributors. With nearly $19 billion in annual revenue, US Foods is the 10th largest private company in America. Many of the entities that make up US Foods were founded in the 19th century, including one that sold provisions to travelers heading west during the 1850s gold rush. The company had used the name U.S. Foodservice since 1993. US Foods offers more than 350,000 national brand products and its own “exclusive brand” items, ranging from fresh meats and produce to prepared and frozen foods. The company employs approximately 25,000 people in more than 60 locations nationwide, and provides food and related products to more than 250,000 customers, including independent and multi-unit restaurants, healthcare and hospitality entities, government and educational institutions. The company is headquartered in Rosemont, Illinois, and jointly owned by funds managed by Clayton, Dubilier & Rice Inc. and Kohlberg Kravis Roberts & Co.In October 2011, the company launched a new brand identity reflecting its strategic focus on creating a better food offering and an easier service experience for customers. Since, US Foods has introduced more innovative products, exclusive brands and specialized services to help drive customer growth. The company’s new tagline is “Keeping Kitchens Cooking”.On 9th December, 2013, Sysco Corp announced it would buy US Foods for $8.2 billion . Wikipedia.


News Article | July 9, 2015
Site: www.businesswire.com

ROSEMONT, Ill.--(BUSINESS WIRE)--US Foods today named Pietro Satriano its next President and Chief Executive Officer, effective Monday, July 13, 2015. Satriano previously held the role of Chief Merchandising Officer. John Lederer, the company’s current President and CEO, will continue as an advisor to US Foods and its Board of Directors. “Pietro is a proven leader whose business experience and strategic vision will be perfect for this next phase of US Foods’ evolution,” commented Ed Liddy, chairman of the US Foods Board of Directors. “We want to thank John for guiding the company through its incredible transformation over the past five years. His passion and dedication have been the driving force in setting the company on its path of becoming a truly great American food company that is perfectly positioned for growth.” “It has been a remarkable ride at US Foods and I’m grateful to have led such a talented group of employees,” said John Lederer, president and CEO, US Foods. “I can say without a doubt that Pietro is absolutely the right person to take this company forward.” “I am not aware of a company that is more enthusiastic and passionate about serving its customers across America, and I’m honored to be chosen as its new leader,” Satriano said. “Our focus on bringing innovation and differentiation to the foodservice marketplace has given us tremendous momentum. I look forward to working with the senior leadership and all of our employees across the organization to fully realize the potential of our Food. Food People. Easy. strategy.” Prior to joining US Foods in 2011, Satriano was president of LoyaltyOne Canada, the company behind AirMiles, Canada’s largest consumer loyalty reward program in which two thirds of households are active. Previously, he was executive vice president of Loblaw Brands at Loblaw Companies where he was responsible for its complete range of private brands. Discover innovative US Foods products and business solutions at www.usfoods.com. Friend us on Facebook, follow us on Twitter and watch our chefs in action on YouTube. As one of America’s great food companies and leading distributors, US Foods is Keeping Kitchens Cooking™ and making life easier for customers, including independent and multi-unit restaurants, healthcare and hospitality entities, government and educational institutions. With approximately $22 billion in annual revenue, the company offers more than 350,000 products, including high-quality, exclusive brands such as the innovative Chef’s Line®, a time-saving, chef-inspired line of scratch-quality products, and Rykoff Sexton®, a premium line of specialty ingredients sourced from around the world. The company proudly employs approximately 25,000 people in more than 60 locations nationwide. US Foods is headquartered in Rosemont, Ill., and jointly owned by affiliates of Clayton, Dubilier & Rice LLC and Kohlberg Kravis Roberts & Co. L.P. Discover more at www.usfoods.com.


News Article | June 23, 2015
Site: www.bloomberg.com

Sysco Corp.’s planned $3.5 billion takeover of US Foods Inc. was blocked by a federal judge who said a merger of the food distribution giants would probably reduce competition and raise prices for hotels and restaurants. The Federal Trade Commission’s request to delay the tie-up was granted by a federal judge in Washington. The case now shifts to the FTC’s in-house administrative court, where the agency will seek to permanently block the deal. Sysco fell more than 3 percent on the news in after-hours trading. It previously said postponing the deal would probably scuttle it. The FTC, which sued in February, successfully argued the takeover would eliminate competition between the two companies that dominate the industry. That would lead to higher prices for customers including school cafeterias as well as restaurants and hotels. The costs would then be passed on to consumers, the commission argued. “The FTC has shown that there is a reasonable probability that the proposed merger will substantially impair competition,” U.S. District Judge Amit Mehta wrote in Tuesday’s order. The judge sealed the opinion explaining his reasoning. Houston-based Sysco and Rosemont, Illinois-based US Foods countered that the industry is highly competitive and includes a wider array of options for customers. Sysco said it’s disappointed in the decision and would assess “the merits of terminating the merger agreement.” “We certainly understood this outcome to be possible and have been developing plans for the business moving forward,” Sysco Chief Executive Officer Bill DeLaney said in a statement. “We will provide additional clarity in the coming days.” In arguments before Mehta in May, the two sides clashed over the scope of the market in which the companies compete, the size of their market shares and the ability of competitors to act as a check on potential price increases by the combined company. The FTC said Sysco and US Foods dominate a unique market known as broadline foodservice that provides a range of food products and services to local and national customers. They meet unique needs of customers that can’t be matched by other businesses such as Restaurant Depot, the FTC said. “We look forward to proving at trial that this deal would lead to higher prices and diminished service for customers,” said Debbie Feinstein, the head of FTC’s competition bureau, referring to the administrative proceeding. Sysco and US Foods responded that the commission’s case relies on a “tortured” analysis that ignores a dynamic industry where customers depend on a variety of distribution channels, often simultaneously. The combination would generate more than $1 billion in savings that would lead to lower prices for customers, they said. Mehta said in the order that he would issue a public version of his opinion on June 26 after redacting any confidential company information. The case is FTC v. Sysco Corp., 15-00256, U.S. District Court, District of Columbia (Washington).


News Article | June 29, 2015
Site: www.businesswire.com

ROSEMONT, Ill.--(BUSINESS WIRE)--Today, US Foods made a bold statement with its “Just Taking Off” campaign that officially marks the beginning of the company’s re-launch as an even stronger force in the foodservice industry. This declaration comes on the heels of the termination of the company’s proposed merger with Sysco. “Throughout the unique environment of the past 18 months, we’ve continued to serve our customers by never forgetting what we’re about: delivering great food, cultivating talented food people and making it easy for our customers to work with us,” said John Lederer, president and CEO, US Foods. “It’s because of this unwavering dedication that I can confidently say that we are ready to take this company to the next level.” Focused on accelerating the progress the company has already made, innovation – a long time company tenet – will be at the center of the re-launch strategy. Operators can expect to see more of the innovative and exclusive Scoop items that empower operators across the country to explore on-trend dishes and freshen up menus. New technology enhancements and intuitive business solutions are planned to increase business success and make working with US Foods even easier, and the company will continue to revolutionize the way the industry experiences food and business consultation with its Food Fanatics program. “It’s evident that we have the talent, passion and financial foundation to become an even stronger force in the foodservice industry,” Lederer said. “Our unprecedented momentum is going to propel us farther and faster forward. I can’t wait for our customers to see all that we have in store for them.” The company is in a strong financial position and is well prepared for this path. Over the last 18 months, the company has invested millions of dollars into new technology and fleet and building improvements, including the construction of new LEED certified facilities that service the Boston, Ma. and Jackson, Miss. markets. US Foods has proven time and again that it has what it takes to invest in the tools and technologies to make it as easy, efficient and productive as possible for its customers to do business. Not only has the company embraced the digital and social age, US Foods has pioneered technology to the benefit of the foodservice industry, including the industry’s first integrated mobile app. To learn more about US Foods, visit www.usfoods.com. To see what Food Fanatics is all about, visit www.foodfanatics.com. You can also like us on Facebook, follow us on Twitter and watch our chefs in action on YouTube. As one of America’s great food companies and leading distributors, US Foods is Keeping Kitchens Cooking™ and making life easier for customers, including independent and multi-unit restaurants, healthcare and hospitality entities, government and educational institutions. With approximately $22 billion in annual revenue, the company offers more than 350,000 products, including high-quality, exclusive brands such as the innovative Chef’s Line®, a time-saving, chef-inspired line of scratch-quality products, and Rykoff Sexton®, a premium line of specialty ingredients sourced from around the world. The company proudly employs approximately 25,000 people in more than 60 locations nationwide. US Foods is headquartered in Rosemont, Ill., and jointly owned by affiliates of Clayton, Dubilier & Rice LLC and Kohlberg Kravis Roberts & Co. L.P. Discover more at www.usfoods.com.


News Article | July 13, 2015
Site: www.businesswire.com

ROSEMONT, Ill.--(BUSINESS WIRE)--US Foods today announced Steve Guberman will take on the role of Chief Merchandising Officer, effective immediately. Guberman previously held the role of Senior Vice President, Merchandising and Marketing Operations for the company. “Steve has played an integral role in the implementation of all nationally led merchandising strategies and initiatives, and he is very well positioned for success as our Chief Merchandising Officer,” said Pietro Satriano, president and chief executive officer, US Foods. “Steve brings a unique customer-oriented perspective to his role, as he began his career in restaurant management. His leadership as well as his passion for excellent customer service and innovation will undoubtedly help us to fully realize the potential of our Food. Food People. Easy. strategy.” Guberman brings over 30 years of industry experience to this important role. Holding the role of Senior Vice President, Merchandising and Marketing Operations since January 2012, Guberman was responsible for the deployment and adoption of a range of merchandising and marketing strategies designed to accelerate profitable sales growth and help customers win. Steve joined US Foods as part of the Kraft/Alliant Foodservice organization in 1991, accumulating a wide breadth of leadership experience in sales, procurement, marketing, national accounts, and category management before taking on the role of president of the US Foods Houston Division in 2006. “I am very pleased and excited to take on this role as we launch this next phase of US Foods as an even stronger force in the foodservice industry,” Guberman said. “I’ve had the chance to meet and talk with our customers and I know they count on US Foods to provide innovative products and services that help their businesses succeed. I'm grateful to work with such a talented team and am looking forward to building on the foundation of innovation that helps our customers win.” Discover innovative US Foods products and business solutions at www.usfoods.com. Friend us on Facebook, follow us on Twitter and watch our chefs in action on YouTube. As one of America’s great food companies and leading distributors, US Foods is Keeping Kitchens Cooking™ and making life easier for customers, including independent and multi-unit restaurants, healthcare and hospitality entities, government and educational institutions. With approximately $22 billion in annual revenue, the company offers more than 350,000 products, including high-quality, exclusive brands such as the innovative Chef’s Line®, a time-saving, chef-inspired line of scratch-quality products, and Rykoff Sexton®, a premium line of specialty ingredients sourced from around the world. The company proudly employs approximately 25,000 people in more than 60 locations nationwide. US Foods is headquartered in Rosemont, Ill., and jointly owned by affiliates of Clayton, Dubilier & Rice LLC and Kohlberg Kravis Roberts & Co. L.P. Discover more at www.usfoods.com.


News Article | June 29, 2015
Site: www.bloomberg.com

Sysco Corp. terminated its planned $3.5 billion takeover of US Foods Inc. after a federal judge blocked the combination, opting instead to add $3 billion to its stock-buyback program. With the deal breaking up, Sysco will pay a $300 million termination fee to US Foods and a $12.5 million fee to Performance Food Group, which had agreed to buy some US Foods facilities. Sysco, based in Houston, plans to make the share repurchases over the next two years. “It’s in the best interests of all our stakeholders to move on,” Chief Executive Officer Bill DeLaney said in a statement. “We are prepared to move forward with initiatives that will contribute to the success of Sysco and our stakeholders.” Sysco had fought for more than a year to gain government approval for the transaction, which antitrust regulators said would hurt competition and lead to higher prices. Sysco and US Foods dominate a market known as broadline foodservice, which supplies school cafeterias, restaurants and hotels. Sysco had argued that the acquisition would bring $1 billion in savings, letting it offer lower prices to customers. Investors have responded with relief to the deal’s demise, reflecting concerns about the company undertaking an ambitious merger. Sysco shares rose 3.1 percent the day the transaction was halted by U.S. District Judge Amit Mehta. The stock retreated 2.2 percent on Monday, closing at $37.54 in New York. Sysco is down 5.4 percent this year. Mehta blocked the merger on June 23 when he granted a Federal Trade Commission request to delay the transaction. The FTC had sued the companies in February, saying the deal would give Sysco an oversized share of an industry where it’s already the biggest player. In arguments before Mehta in May, the two sides clashed over the scope of the market in which the companies compete. Sysco and US Foods argued that the commission was relying on a “tortured” analysis, ignoring the variety of distribution channels available to customers. Sysco said on Monday that it weighed embarking on an appeal but decided against it. Debbie Feinstein, director of the FTC’s bureau of competition, applauded the move. “Sysco and U.S. Foods’ decision to abandon the transaction is a victory for both competition and consumers,” she said in an e-mailed statement. “The evidence shows that Sysco and US Foods were strong rivals in broadline food distribution whose combination would have harmed consumers.”

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