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JustAnObserver

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Reply with quote  #1 
3 new acquisitions in the last few months...

http://finance.yahoo.com/news/us-foods-agrees-acquire-american-180000788.html

ROSEMONT, Ill.--(BUSINESS WIRE)--

US Foods today announced that it has agreed to acquire All American Foods, a broadline distributor based in North Kingstown, R.I., with annual sales of nearly $60 million.

All American Foods was established in 1988 and has grown to offer more than 4,000 SKUs to nearly 1,000 customers throughout Rhode Island, Massachusetts and Connecticut. The addition of All American Foods will further enhance US Food’s ability to serve customers in the northeast region, an area of the country heavily populated with independent restaurants.

US Foods welcomes All American Foods employees to the company and will continue to operate out of the 65,000 square foot facility All American Foods operates from today.

“The growth All American Foods has experienced over the last three decades is proof that their business model and commitment to customer service is strong,” said John O’Carroll, northeast region president, US Foods. “We are looking forward to building on All American Foods’ already strong reputation and bringing an even better experience to foodservice operators throughout Southern New England.”

The transaction is expected to close at the end of February. Terms of the transaction were not disclosed.

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Food Seller

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Reply with quote  #2 
I pity their employees. They have no idea what is coming. Like the calm before the storm.
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commoditiesguy

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Reply with quote  #3 

This was my favorite quote...

“The growth All American Foods has experienced over the last three decades is proof that their business model and commitment to customer service is strong,” said John O’Carroll, northeast region president, US Foods. “We are looking forward to building on All American Foods’ already strong reputation and bringing an even better experience to foodservice operators throughout Southern New England.”

Let me offer a few translations:

"...proof that their business model and commitment to customer service is strong." = They were making USF reps look foolish on the street.

"We are looking forward to building on All American Foods already strong reputation..." = We'll take AAF's customer lists and the second after the reps sign their non-competes, demand they sell Scoop and all the other "bells and whistles".

"...and bringing an even better experience to foodservice operators throughout Southern New England." = Your trucks will start showing up late, with tons of shortages and forced substitutions, and you will be hounded to go to an e-ordering system.

Did I miss anything?



 

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CheeseFlourSauce

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Reply with quote  #4 
Didnt they just buy cara donna in mass not too long ago?

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broadliner

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Reply with quote  #5 
TO: AAF REPS

RUN AS FAST AS YOU CAN AWAY FRM THIS TRAIN WRECK!

Ask any of the USF reps you run into about Scoop (50% minimum customer participation), dotcom (60% of your customers must use it), and of course, the wonderful Salesforce.com (Big Brother IS watching). All of these things come under the heading of "do this or else".

Now that USF is a public company, the shareholders call the shots. Be afraid! Be very afraid!
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ellaryan2005

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Reply with quote  #6 
$60M in sales, 2.5% net profit is a banner year, that's $1.5M profit.
USF bought a customer list.
4,000 skus?
I worked for an independent, I think we had 4,000 frozen items.
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commoditiesguy

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Reply with quote  #7 
Quote:
Originally Posted by CheeseFlourSauce
Didnt they just buy cara donna in mass not too long ago?


That occurred in February of 2016.
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pink_slip_soon

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Reply with quote  #8 
The facility in Rhode Island has ceased operations, cases now being shipped out of USF SNE.
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Sidney

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Reply with quote  #9 
This is not anything except closing up a competitor, and a small one at that. 60 million is peanuts and US will loose most of that along with the employees. Give it 18 months and all that will remains will be a memory. In 2012 US bought Glover Foods in Columbus GA and ran off all the business. The company employed about 20 reps and a total of 250 employees who all but two or three are long gone. The customer base was all small accounts with small drops selling breakers of canned vegetables and such. No way service could improve
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Sidney
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broadliner

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Reply with quote  #10 
How many AAF salespeople are still with USF? How many of their customers have left?
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