US Foods revealed plans Friday to acquire Renzi Foodservice, a broadline distributor located in Watertown, New York. The acquisition, the first under CEO Dave Flitman’s leadership, will allow US Foods to further expand its reach into central upstate New York where the company does not have a distribution center, says the company.
“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,” said Flitman in a statement. “Renzi has built a strong reputation for great customer service and high-quality food from their modern distribution facility in Watertown, New York.”
Family-owned for two generations, Renzi Foodservice has more than $180 million in annual revenue and serves more than 2,300 customers including independent restaurants, healthcare facilities, schools, government organizations, and convenience stores. It will continue to operate in its 110,000-square-foot facility.
“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,” said Jude Renzi, CEO of Renzi Foodservice, in a statement. “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.”
Pending regulatory approval, the acquisition is expected to close in the third quarter of 2023. Transaction terms were not disclosed.
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Image: Renzi Foodservice