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lets go home

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WSJ is reporting that USF had to raise cash quickly today and sold some Junk bonds.

Does this make USF  a target for a take over. 

Last week they had to get 500 Million from KKR. They must be in desperate need of cash.

More cuts are possible and revised pay program for sure. They have to pay Millions of dollars out over the next 6 months to all the good people they tossed out.

Will they have enough money to survive the Virus?

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tread

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Reply with quote  #2 
KKR got involved because Sysco will merge with USF.
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broadliner

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Reply with quote  #3 
Not that BS again!?!? Actually, USF and PFG/Reinhart would be a better match.

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Originally Posted by tread
KKR got involved because Sysco will merge with USF.
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broadliner

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Reply with quote  #4 
Maybe USF will get rid of Scoop, Value Added Services, Food Fanatics and all the other BS that takes away from foodservice distribution, and get back to basics. They need to get back to being a sales company. Delivering complete orders at fair prices. That's what customers want.

Quote:
Originally Posted by lets go home
WSJ is reporting that USF had to raise cash quickly today and sold some Junk bonds.

Does this make USF  a target for a take over. 

Last week they had to get 500 Million from KKR. They must be in desperate need of cash.

More cuts are possible and revised pay program for sure. They have to pay Millions of dollars out over the next 6 months to all the good people they tossed out.

Will they have enough money to survive the Virus?

0
tread

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Posts: 38
Reply with quote  #5 
Quote:
Originally Posted by broadliner
Maybe USF will get rid of Scoop, Value Added Services, Food Fanatics and all the other BS that takes away from foodservice distribution, and get back to basics. They need to get back to being a sales company. Delivering complete orders at fair prices. That's what customers want.


Too late, damage is done.
Competitors already doing that.
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broadliner

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Reply with quote  #6 

Oh, well.

I talked to one of my buddies in La Mirada this afternoon. He was "terminated". He was close to retirement anyway. He told me that USF had let go almost 500 TMs nationwide.

With KKR back in the picture, can CD&R be far behind? Is there a merger in the future with PFG or Sysco?


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Originally Posted by tread

Too late, damage is done.
Competitors already doing that.

1
tread

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Reply with quote  #7 
Might as well try merger while Trump is still in office.
Imagine the pitch:
"Our business is down 60+%. We must merge to survive the new normal bc of social distancing.
Plus PFG is much bigger than last time we attempted to merge."
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snoman

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Reply with quote  #8 
Why would there be any mergers ? There’s no need to buy trucks and warehouses that just sit empty when you already have assets idled. All future growth will be organic unless there is a core business tied to the distributor likely a chain account.

The only m/a would at the manufacturing/producer level.
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