New York-based Renzi Foodservice to be acquired by US Foods
US Foods Holding Corp., a foodservice distributor in the US, has reached an agreement to acquire Renzi Foodservice, a distributor located in Watertown, New York.
The specific financial terms of the acquisition have not been disclosed.
This acquisition marks an important milestone for US Foods, being its first since April 2020 and the inaugural one under the leadership of CEO Dave Flitman. By acquiring Renzi Foodservice, US Foods will enhance its presence in central upstate New York, an area where the company currently lacks a distribution center.
Dave Flitman said: “We look forward to welcoming the Renzi team to US Foods as we continue to deliver on our long-range plan and enhance our position with new and existing customers throughout the region.
“As one of the most respected family-owned and operated broadline foodservice distributors in Northern and Central New York, Renzi has built a strong reputation for great customer service and high-quality food from their modern distribution facility in Watertown, New York.”
Renzi Foodservice, a family-owned business spanning two generations, boasts an annual revenue exceeding $180 million. It caters to a wide range of customers, including over 2,300 independent restaurants, healthcare facilities, schools, government organizations, convenience stores, and various other establishments.
Renzi Foodservice will continue its operations in its existing 110,000-square-foot facility.
Jude Renzi — Renzi Foodservice CEO said: “We are proud to be joining US Foods as our companies have many similarities, most important of which is the passion for bringing value to customers to help them succeed and a commitment to helping associates grow and thrive.
“We look forward to US Foods investing in our business and expanding access to new and innovative products and business solutions to help our customers continue to grow their businesses profitably. The entire Renzi family thanks all our valued employees and customers who have supported us throughout our 46 years.”
The acquisition is subject to regulatory approval and is anticipated to be finalized in the third quarter of 2023.