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FSVET

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FS God....FIRST InsideFood Poster
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Reply with quote  #97 
Send all chain business to SGA in Mira Loma. Close Corona and move everything back to La Mirada. Find a big building in Carlsbad, and move USF Vista.

I blame the rapid decline on the new pay plan, micromanagement via Salesforce, increasing pads for no reason and all the stupid promos forced on the salespeople.

Quote:
Originally Posted by Xfoodperson
USF, Southern California is becoming obsolete. How does acquiring SGA help them win business back in Southern California? It’s sad to see our rapid decline.

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foodpolitician

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Reply with quote  #98 
What about TM pay structure kills morale? Looking forward to all the thousands more we will make according to the USF people who have spoke to our branch. Nobody makes less than 100k or something like that.
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snoman

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Reply with quote  #99 
I'd expect quite abit of DC consolidation across both coasts. Commercial real estate is hot and refrigerated space is in demand. It'll be interesting to see how things shake out over the next couple years given the shakeup among the hierarchy w/the US Foods and Performance deals.

My guess is the next move will happen on the chain side of the street w/a Maines Paper or Southeastern Food Merchandisers. The family owned broadliners  in the top 10 will lay low while these bigger deals work out.
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FSVET

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Reply with quote  #100 
Some of these family owned companies will sell if someone comes along with enough money. A big payday is attractive to some of the younger generation that doesn't find foodservice distribution sexy.

Quote:
Originally Posted by snoman
 The family owned broadliners  in the top 10 will lay low while these bigger deals work out.

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Retiredfoodpro

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Reply with quote  #101 

US Foods to Announce Second Quarter Fiscal 2019 

https://finance.yahoo.com/news/us-foods-announce-second-quarter-152400594.html

Note: USF will be asked why the SGA acquisition has not been completed yet.  Stay tuned for the answer they give. 

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bestdsr

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Reply with quote  #102 
Today is a good day for USFD
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FSVET

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Reply with quote  #103 
Why? Are they getting rid of Pietro and the rest of the rocket scientists in Rosemont and replacing them with people who know the foodservice distribution business?

Quote:
Originally Posted by bestdsr
Today is a good day for USFD

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Retiredfoodpro

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Reply with quote  #104 

Outlook for Full Year Fiscal 2019

The company is reiterating its previously provided full year fiscal 2019 guidance. The company expects the acquisition of Services Group of America’s Food Group of Companies to close in September.

https://www.businesswire.com/news/home/20190806005480/en/


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bestdsr

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Reply with quote  #105 
Pietro ain’t going away....he’s making dough.
Stock is going in the right direction. It is a new world out there.....the old ways are dead.
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Retiredfoodpro

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Reply with quote  #106 

Finally, I would like to provide a brief update on the SGA Food Group acquisition. While the regulatory process has taken more time than we did originally anticipate, we do expect this transaction to close in September. As a result, we are launching financing for the deal later today, and we will announce the leadership team for the soon-to-be-formed Northwest region in the coming days. Operating results for SGA continued to be strong, which is a real testament to the commitment to customers that SGA associates continue to demonstrate.

I also note from my own visits that SGA associates are excited to join this group and combine the strength of our two companies. Until we receive final approval from the FTC, we are not in a position to comment on any other aspects of this transaction. Let's now take a closer look at our volumes growth for the quarter, beginning on Slide 3. As I said, total organic case growth was 1.7% for the quarter and accelerated sequentially for the sixth quarter in a row.

US Foods Holding (NYSE: USFD)
Q2 2019 Earnings Call
Aug 06, 201910:00 a.m. ET

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Foodman

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Reply with quote  #107 
Expect the deal to close with stipulations. Specifically Western WA and the Dakotas. Look at the number of DC's that the combined companies would have in each market. 

Customers, brokers and manufacturers all reportedly were contacted. Enough valid concerns were raised.

For clues on what might be coming, look at the DMA map of DC's. 

This should be very, very interesting. How seamless will the USF FSA SSA union be? Will the cultures mesh or clash?


Stay tuned!
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Retiredfoodpro

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Reply with quote  #108 
Quote:
Originally Posted by Foodman
Expect the deal to close with stipulations. Specifically Western WA and the Dakotas. Look at the number of DC's that the combined companies would have in each market. 

Customers, brokers and manufacturers all reportedly were contacted. Enough valid concerns were raised.

For clues on what might be coming, look at the DMA map of DC's. 

This should be very, very interesting. How seamless will the USF FSA SSA union be? Will the cultures mesh or clash?


Stay tuned!

we will announce the leadership team for the soon-to-be-formed Northwest region in the coming days. 

Probably the most interesting comment they have stated. ^^^^^^^^^^^^^
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Proffoodie

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Reply with quote  #109 
Dear Associate,
As we shared on the US Foods August 6 earnings call, we continue to work through the regulatory
process and we now expect to close in September. In preparation for this milestone, I’m pleased to
share several senior leadership appointments, which will be effective immediately after the closing of
the transaction.
As previously communicated, we expect the Food Group will form the core of the new Northwest
Region for US Foods, and I’ve asked Doug Minert to serve as the Northwest Region President. Doug has
served as the President and CEO of FSA since 2008 and was instrumental in building the company’s
presence in the Northwest. His leadership experience and knowledge of the Northwest market will be
invaluable to this role.
I’d also like to announce the following individuals who will join Doug on the Northwest Region
Leadership Team. By bringing together seasoned leaders from both the Food Group and US Foods, we
will be able to leverage best practices from both companies and position the new Northwest Region for
success.
• Jessica Byrne, Region HR Business Leader - Jessica has more than 15 years’ experience as an HR
leader and most recently served as the Area HR Business Partner for the US Foods Southwest
Area. She has a strong track record of helping leaders engage Associates and build strong
teams.
• Scott Ford, Region VP, Merchandising and Marketing - Scott has more than 16 years’
experience with US Foods in both field and corporate roles. He has held a variety of leadership
roles in product management, procurement and category operations and is currently Sr.
Director, Category Operations, Non-Perishables.
• Kathy Juhn, Region Marketing Director - Kathy joined US Foods in 2012 and currently serves as
the Area Marketing Manager for Southern California. Kathy has a track record of executing
marketing programs to strengthen loyalty and brand awareness with local customers.
• Rick Koseor, Region VP, Finance - Rick joined the Food Group in 2010 and for the last six years
has served as the FSA Corporate Controller. Rick’s technical background and track record of
collaborating with business leaders to drive results make him a strong fit for this role.
• Tim Lewis, Region VP, Local Sales - Tim has played an important role in shaping the company’s
Enterprise Customer Strategy and is currently the Senior Vice President of Street Sales for FSA.
He started his FSA career in 1996 as a Street Sales Associate and went on to serve in a variety of
sales leadership roles in Seattle.
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