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JustAnObserver

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Reply with quote  #1 
Here we go!

https://www.businesswire.com/news/home/20190911005578/en/

"As a condition to receiving regulatory clearance from the FTC, US Foods will divest three FSA distribution facilities located in Kent (Seattle), Wash.; Meridian (Boise), Idaho; and Fargo, N.D."
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JustAnObserver

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Reply with quote  #2 
Pretty amazing that the proceeds from divestiture will be $90M, meaning that the whole thing is still $1.71B despite 3 key divisions not being involved anymore!!! Someone is getting a steal.

Also: "All three divestiture buyers are DMA members, and the divested facilities will maintain DMA’s national footprint."

https://www.ftc.gov/news-events/press-releases/2019/09/ftc-requires-divestitures-imposes-conditions-us-foods-holding

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Foodman

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Reply with quote  #3 
Kent - Harbor
Boise - Shamrock
Fargo - Cash WA

DMA was the driver on the outcome of this deal. 
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Foodman

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Reply with quote  #4 
Harbor Press Release

Harbor Wholesale Foods Acquires a Portion of Food Services of America

 


News provided by

Harbor Wholesale Foods

Sep 11, 2019, 11:21 ET


LACEY, Wash., Sept. 11, 2019 /PRNewswire/ -- Harbor Wholesale Foods (Harbor) headquartered in Lacey, WA announced Harbor's acquisition of a significant portion of the Food Services of America (FSA) Seattle business, including FSA's 250,000 sq. ft. distribution facility in Kent, WA.  Harbor will assume a portion of the customer base currently served by the Kent facility, including roughly 1,700 independent restaurant operators throughout 10 counties in Western WA.  FSA Seattle's executive leadership and several experienced and dedicated associates will be joining Harbor, creating a combined team of nearly 700 people.

Harbor and FSA share similar backgrounds as family companies and a common passion for associate growth and customer success. "The acquisition of a portion of FSA's Seattle business aligns well with our existing culture and values," said Harbor CEO Justin Erickson.  "We've grown our business over the years through our dedication to serving our independent and locally owned customer base. Our success is the result of empowering our team members to best serve our customers at every interaction. We've been serving NW communities for 96 years and the FSA Seattle business provides a platform to expand our presence and positive influence throughout the region."

Acquiring FSA's Kent Distribution Center achieves Harbor's goal of becoming the Northwest's premier foodservice distributor.  Harbor has roots in foodservice distribution dating back 96 years.  "As our company evolved, we shifted our focus to retail grocery and convenience store distribution. As foodservice has become the primary focus of convenience stores over the past 10+ years we've expanded our capabilities in foodservice to retain and grow our position as the NW's leading convenience store distributor," said Justin Erickson.

The Harbor location in Kent, WA will continue to be led by the current FSA executive leadership team, utilizing the same familiar systems, tools, and technology that customers and associates rely on today.  "The goal is to make the acquisition as seamless as possible, much of how Harbor and FSA do business today will not change," Harbor CFO Jim Winkle said in a statement.

As a locally owned and operated business, with 96 years of excellent service to their customers, Harbor is the perfect distributor to fill a huge and important void in the foodservice market.  "We bring industry-leading technology, operational excellence, and competitive buying power. We put our customers first, and we're committed to providing food and solutions to help their businesses flourish," said Justin Erickson. "As a local distributor, we have a unique opportunity to partner with local suppliers, providing a unique mix of products versus the larger broad line distributors. The restaurant industry is more competitive than ever, and operators are looking for a way to stand out from the crowd."

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Dino_nugget

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Reply with quote  #5 
This will help shamrock better serve those national accounts they may have out west, but I don’t see them taking much of the market with USF, Sysco, and Nicolas in the area.
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Retiredfoodpro

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Reply with quote  #6 

Quote:
Originally Posted by JustAnObserver
Here we go!

https://www.businesswire.com/news/home/20190911005578/en/

"As a condition to receiving regulatory clearance from the FTC, US Foods will divest three FSA distribution facilities located in Kent (Seattle), Wash.; Meridian (Boise), Idaho; and Fargo, N.D."

Yep. It's go time.....BOHICA

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formerdsr

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Reply with quote  #7 
USF will be moving into the #3 spot after the PFG/Reinhart deal closes. Oh, well.


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I AM A KOOK

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Reply with quote  #8 
Dino....you obviously don't know SHAMROCK.  We  are the dominant player to Street Accounts in all of the 4 markets we cover.  In Arizona, bigger than USFood and Sysco combined.  In Colorado, New Mexico, and Southern California...Shamrock is bigger, better, and we outperform each and every one of those Hot Shot Competitors.   Not only do we know it, but they do to. 

So if you are presently an employee of FSA Boise,  stay put.  You are about to work for the best Broudline Distributor of all time.  Not just for our customers, but for all associates as well.

Our motto, printed on the back of every card is this,  "We treat our customers like friends and all associates like family".

Yo Boise.....WELCOME TO THE FAMILY 



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bestdsr

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Reply with quote  #9 
Shamrock is bigger than USFOODS in Southern Cal?
Wow congratulations. You really are a Kook
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Dino_nugget

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Reply with quote  #10 
I’ve heard good things though about the culture. Markets pretty saturated up here. I doubt you will make a huge presence. Keep drinking that kool aide.
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Retiredfoodpro

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Reply with quote  #11 
Anyone know if and when USF will transition the current FSA commission plan over to the USF plan? 
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formerdsr

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Reply with quote  #12 
As Cuba Gooding said: "Show me the money!" Put up some sales figures or shut up.

Quote:
Originally Posted by bestdsr
Shamrock is bigger than USFOODS in Southern Cal?
Wow congratulations. You really are a Kook
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formerdsr

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Reply with quote  #13 
Whenever it is, you won't be happy. Salary plus bonuses. TMs are dinged for credit card service charges and customer rebates. Enjoy!

Quote:
Originally Posted by Retiredfoodpro
Anyone know if and when USF will transition the current FSA commission plan over to the USF plan? 
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Dino_nugget

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Reply with quote  #14 
With the divestitures required from this usf/fsa acquisition, do you think there will be some hefty ones for the pfg/rienhart acq?

This one hit usf pretty hard with Boise, and with the fine print it hits harder for the next year.
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Foodservicedriver20

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Reply with quote  #15 
I know it’s an old article but, do you think the Sysco/USF merger could happen now.
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Investigator

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Reply with quote  #16 
Quote:
Originally Posted by Foodservicedriver20
I know it’s an old article but, do you think the Sysco/USF merger could happen now.


You are more likely to see something along the lines of a Sodexho acquiring a Premiere Health Care GPO. That right there would shift a lot of US Foods business to Sysco.
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