US Foods
 |
|
| Public | |
| Traded as | : USFD |
| Industry | Food industry |
| Founded | 1989 |
| Headquarters | Rosemont, Illinois, United States |
|
Number of locations
|
60 |
|
Area served
|
Worldwide |
|
Key people
|
Pietro Satriano (President & CEO) |
| Products | Prepackaged and frozen foods, fresh produce |
| Services | Foodservice distribution |
| Revenue | US$ 22.919 billion (2016) |
| US$ 413.8 million (2016) | |
| US$ 209.8 million (2016) | |
| Total assets | US$ 8.944 billion (2016) |
| Total equity | US$ 2.538 billion (2016) |
|
Number of employees
|
25,000 (2016) |
| Website | www |
|
Footnotes / references |
|
US Foods (formerly known as U.S. Foodservice) is one of the USA’s leading foodservice distributors. With $23 billion in annual revenue, US Foods was the 10th largest private company in America until its recent IPO. Many of the entities that make up US Foods were founded in the 19th century, including one that sold provisions to travelers heading west during the 1850s gold rush. The company used the name U.S. Foodservice until 1993. US Foods offers more than 350,000 national brand products and its own “exclusive brand” items, ranging from fresh meats and produce to prepackaged and frozen foods. The company employs approximately 25,000 people in more than 60 locations nationwide, and provides food and related products to more than 250,000 customers, including independent and multi-unit restaurants, healthcare and hospitality entities, government and educational institutions. The company is headquartered in Rosemont, Illinois, and jointly owned by funds managed by Clayton, Dubilier & Rice Inc. and Kohlberg Kravis Roberts & Co.
In October 2011, the company launched a new brand identity reflecting its strategic focus on creating a better food offering and service experience for customers. Since, US Foods has introduced more specialized products, brands and services to help drive customer growth. The company’s new tagline is “Keeping Kitchens Cooking”.
On 9th December, 2013, Sysco Corp announced it would buy US Foods for $8.2 billion ($3.5 billion plus $4.7 billion of debt), but in June 24, 2015, US Federal Judge Amit Mehta ruled that the combined Sysco-US Foods would control 75% of the U.S. foodservice industry and that will stifle competition. On June 29, 2015, Sysco terminated its merger with US Foods.
Several of the entities that comprised what is now US Foods started in the 19th century. Monarch Foods, for example, traced its roots to Reid-Murdoch Co., a Dubuque, Iowa, company founded in 1853 to provision wagon trains heading west. Reid-Murdoch was a major sponsor of the "The Teenie Weenies" comic strip.
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Wikipedia