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formerdsr

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Reply with quote  #33 
And US Foods slips to #3. Sucks to be you, Pietro! [rofl]
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Witlesswonder

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Reply with quote  #34 
I just lol so hard on that Pietro comment. However, they are hunting someone to buy to jump the.lm back up there. Or they are holding out for Amazon to buy them 🤷🏻‍♂️.
Excited to see what starts happening in the upcoming weeks and months of the stub year with PFG.
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Stocky man

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Reply with quote  #35 
Quote:
Originally Posted by yogibuck
Don't forget about PFG Hale, its only 60 miles or so from Johnson City.

Hickory is a so so NC location.  Too far West, not as much population, but has the mountains area business?  NC has gotten extremely competitive over the past 5-10 years.  Ferraro, Cheney, GFS have all set up shop here trying to take on the Sysco's/USF/PFG Roma crews.  

The growth is in Raleigh/Durham/etc. If I ran PFG, I'd close Hickory and Johnson City (they have Hale) and move to Greensboro/High Point.  Then I could serve all of NC and be closer to the people.  I believe PFG once had a GBO location.

PFG does reach NC from Richmond and Florence as well.  PFG overlaps a bunch already from the IFH buy.  Customers are slow to shift based solely on Geography.

Reinhard VA (the old supreme) (also serves NC) and PFG Richmond are 80 miles apart, each seem to be strong opco's, also reach quite a bit down into NC.

One thing I would do if I was PFG would expand its Vistar business.  I think it will take these smaller broadline opco's and increase its convenience store presence by converting them to Vistar.  Convenience store business if full of independents which translates into larger margins.

This is a merger that seems to be mostly about market share and economies of scale.  PFG wanted to be in the same game as Sysco and US Foods.  Now they are.   Too competitive out there to out work others, only way to do it is to buy it.  And their routes will be a lot tighter.  Also filled some gaps in states with limited coverage. 

Strong move by PFG for its shareholders.  Not gonna be painless for each company's employees.  But it seems quite evident that the quickest way to create quick market share is to buy it.  Organic growth just takes too long and is too expensive.


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Stocky man

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Reply with quote  #36 
Will the LaCrosse meat shop close? PFG already has a meat shop in Richmond VA. This is the way of mergers.



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Ole Foodie

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Reply with quote  #37 
You will most likely see a consolidation of many resources. There are a lot of old USF people at Reinhart and most will likely want to stay. One of the biggest losers in this whole deal is IMMA. Reinhart was their largest next to FSA. Unless they can recruit some big hitters, they will suffer. DMA will take a hit too!!
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Isthisidok

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Reply with quote  #38 
What’s IMMA and DMA?
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Stocky man

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Reply with quote  #39 
PFG should move to replace all Reinhart’s beef brands with Braveheart . Braveheart is PFG’s premium beef line with better margins and a lower price point. It’s a no brainer.
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Ole Foodie

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Reply with quote  #40 
IMMA is the buying group Reinhart and FSA are or were members of. DMA is a national sales contract group made up of certain large broad liners that came together to compete nationally with the US and Syscos of the world.
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formerdsr

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Reply with quote  #41 
Sell more Scoop and Value Added Services (or whatever they're calling it now). 

Beat on the TMs to boost GP% and cases.

That should help.

Quote:
Originally Posted by Witlesswonder
I just lol so hard on that Pietro comment. However, they are hunting someone to buy to jump the.lm back up there. Or they are holding out for Amazon to buy them 🤷🏻‍♂️.
Excited to see what starts happening in the upcoming weeks and months of the stub year with PFG.
0
JustAnObserver

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Posts: 49
Reply with quote  #42 
Quote:
Originally Posted by Stocky man
Will the LaCrosse meat shop close? PFG already has a meat shop in Richmond VA. This is the way of mergers.





I doubt it. I just asked one of the RFS Presidents in the Midwest about that cut shop about 2 weeks ago, and they said it is doing really well. They have someone running it who was brought in about a year ago to (1) fix the cut shop so that it can better support the 5-6 divisions in the Midwest and (2) develop the meat program across the country based on that success. #2 may not be as big a focus, but having local cut shops is important to the divisions.
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Stocky man

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Reply with quote  #43 
Same one who was let go from his last job for cooking the books?
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Witlesswonder

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Reply with quote  #44 
And a very good person no longer works for the RFS side...
this was a surprise. Hope he has landed somewhere great!
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Ole Foodie

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Reply with quote  #45 
You may see a few more leave the Reinhart side. They have quiet a few solid people and many independent distributors would love to have them on their team!! George will put a stay package in place for many but sometimes the other money and opportunities are better! This will get really interesting in 2020!!

You have initials you could share?
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Isthisidok

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Reply with quote  #46 
Pfg is a solid place to work Reinhart reps, you essentially make 30% of the GP$ on most orders or 1.5% of total on low margin business. Plus huge monthly and yearly bonus options if you grow GP$ by 6%. Also great incentives for route splits. Definitely give them a shot before looking elsewhere as it’s not difficult to make six figures with PFG if you are focused and driven.

Of course this is always opco driven, some areas are stronger than others. At my warehouse I can call any of the vps or president without repercussions. They truly care and would do anything to help. And not much reporting or micromanaging as long as you are producing.

Cheers to a successful 2020 Reinhart team!
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JustAnObserver

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Reply with quote  #47 
Quote:
Originally Posted by Stocky man
Same one who was let go from his last job for cooking the books?


The person I'm thinking of was not let go. I know for a fact they resigned to take this role.
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Stocky man

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Reply with quote  #48 
Hired from the outside.
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