InsideFood Message Board
Sign up Calendar
 
 
 


Reply
  Author   Comment   Page 1 of 4      1   2   3   4   Next
deville215

Member
Registered:
Posts: 29
Reply with quote  #1 
Thoughts? Also clain operational challenges with independents? What's that all about? Who saw a slowdown?

https://ir.usfoods.com/investors/stock-information-news/press-release-details/2018/US-Foods-to-Acquire-SGAs-Food-Group-of-Companies-for-18-Billion/default.aspx
0
Investigator

Avatar / Picture

Prophet/Sage
Registered:
Posts: 1,310
Reply with quote  #2 
“This acquisition will significantly increase US Foods’ reach across key markets in the attractive and growing Northwest region of the U.S. and adds one of the most well-regarded regional distributors to our company,” commented US Foods Chairman and CEO Pietro Satriano. “With a shared commitment to customer service, including a proven track record of leveraging technology and private brands to meet customer needs, SGA’s Food Group of Companies is an ideal fit. The company’s unique merchandising programs, mature local sourcing capabilities and track record of operational excellence will be strong additions to our business. We look forward to welcoming the talented teams at SGA’s Food Group of Companies to US Foods, providing customers with even better service and expanded capabilities, and delivering accelerated growth and value to our shareholders.”


From 20 years ago

We expect that the proposed merger will significantly enhance purchasing power, provide growth opportunities for the Rykoff-Sexton manufacturing operations, and enable us to further penetrate key markets with the distribution of the Rykoff-Sexton proprietary branded products," said Mark Van Stekelenburg, chairman and chief executive.

Upon completion of the transaction, US Foodservice Chairman and Chief Executive Frank H. Bevevino will become president and a director of Rykoff-Sexton. He will stay chief executive of the new subsidiary, responsible for all food service distribution operations at the combined company.

The acquisition would double Rykoff-Sexton's revenue to about $3.5 billion annually and further fuel consolidation in the food distribution industry.


We do know this takeover will add another $1.5 billion in debt that the operator base, and distributor employees will have to fund via austerity, higher prices, etc.

0
DENFOODIE

Member
Registered:
Posts: 21
Reply with quote  #3 
This is a big deal. A good deal from what I can tell.
0
deville215

Member
Registered:
Posts: 29
Reply with quote  #4 
Investigator, I'm not sure what you're getting at with your post
0
SoCalFoodDude

Avatar / Picture

Senior Member II
Registered:
Posts: 463
Reply with quote  #5 
A nice chunk for chain business for US Foods. 

Now if you screw up, USF can ship you off to the new Division in Anchorage, AK.
0
foodpolitician

Member
Registered:
Posts: 27
Reply with quote  #6 
As a rep directly affected by this "merger" .  We are a little frightened and my wife has put me on suicide watch [smile]
0
outwest

Newbie
Registered:
Posts: 9
Reply with quote  #7 
Working for an independent in this market we are very happy. FSA has always been good tough competition with a pretty loyal customer base. US not so much in our market.  I can see why this makes sense. Gonna be waving that local independent flag big time.
0
SoCalFoodDude

Avatar / Picture

Senior Member II
Registered:
Posts: 463
Reply with quote  #8 
Talk to some of your new co-workers. They will fill you in about the new pay plan, Sous (our version of Salesforce) and micromanagement.

Quote:
Originally Posted by foodpolitician
As a rep directly affected by this "merger" .  We are a little frightened and my wife has put me on suicide watch [smile]
0
FSVET

Avatar / Picture

FS God....FIRST InsideFood Poster
Registered:
Posts: 815
Reply with quote  #9 
Time to go after those FSA accounts. Who knows? Maybe some of the FSA people will come to your company.

Quote:
Originally Posted by outwest
Working for an independent in this market we are very happy. FSA has always been good tough competition with a pretty loyal customer base. US not so much in our market.  I can see why this makes sense. Gonna be waving that local independent flag big time.

__________________
The problem with your gene pool, is that there is no lifeguard.
0
Sidney

Member
Registered:
Posts: 99
Reply with quote  #10 
fullsizeoutput_5ab.jpeg Hope ya thirsty!

__________________
Sidney
0
Retiredfoodpro

Member
Registered:
Posts: 68
Reply with quote  #11 
If I were an FSA Rep I'd be worried especially in Portland
0
FSVET

Avatar / Picture

FS God....FIRST InsideFood Poster
Registered:
Posts: 815
Reply with quote  #12 
US Foods hasn't had much of a presence in the Northwest since the old S.E. Rykoff days when there were branches is Seattle, Portland and Billings. I think these might be some areas where the FSA reps will be a plus. That is if they can put up with USF micromanagement.

Quote:
Originally Posted by Retiredfoodpro
If I were an FSA Rep I'd be worried especially in Portland

__________________
The problem with your gene pool, is that there is no lifeguard.
0
Retiredfoodpro

Member
Registered:
Posts: 68
Reply with quote  #13 
I agree with you however knowing the commission structure at FSA, USF will have a major impact on incomes when they deliver the new commission structure. Aside from that, FSA employees are feeling like the Stewart family sold them out. 
0
foodpolitician

Member
Registered:
Posts: 27
Reply with quote  #14 
With the new commission structure and the USF Micromanagement, this sounds like it's gonna be a blast 😉 
0
Retiredfoodpro

Member
Registered:
Posts: 68
Reply with quote  #15 
@foodpolitican:  Yes and there a ton of ex-Sysco & USF people at FSA who bailed out just before getting fired and are now hiding out at FSA.  USF will without question clean house(s). 
0
foodpolitician

Member
Registered:
Posts: 27
Reply with quote  #16 
What is the over/under on warehouse/branch closings ? Haven't analyzed it yet, but 2 or 3 probably?
0
Previous Topic | Next Topic
Print
Reply

Easily create a Forum Website with Website Toolbox.