US Foods Agrees to Acquire All American Foods
US Foods announced that it has agreed to acquire All American Foods, a broadline distributor based in North Kingstown, Rhode Island, with annual sales of nearly $60 million.
All American Foods was established in 1988 and has grown to offer more than 4,000 SKUs to nearly 1,000 customers throughout Rhode Island, Massachusetts, and Connecticut. The addition of All American Foods will further enhance US Food’s ability to serve customers in the northeast region, an area of the country heavily populated with independent restaurants.
US Foods welcomes All American Foods employees to the company and will continue to operate out of the 65,000 square foot facility All American Foods operates from today.
“The growth All American Foods has experienced over the last three decades is proof that their business model and commitment to customer service is strong,” said John O’Carroll, northeast region president, US Foods. “We are looking forward to building on All American Foods’ already strong reputation and bringing an even better experience to foodservice operators throughout Southern New England.”
The transaction is expected to close at the end of February. Terms of the transaction were not disclosed.
In October, US Foods expanded its reach with the purchase of Jeraci Foods, an Italian specialty distributor based in Elmsford, New York.
Family owned since 1972, Jeraci Foods offered a complete line of authentic Italian and other imported and domestic food products to customers throughout the metro New York area. With more than $26 million in sales annually, Jeraci enhanced US Foods’ penetration in the Italian independent restaurant and pizzeria segment.
In the same month, US Foods also bought Save On Seafood, a seafood processor and distributor in St. Petersburg, Florida, with annual sales of more than $80 million.
Save On Seafood provided fresh and frozen seafood to restaurants and grocery stores throughout the Southeast U.S. This acquisition was made to strengthen US Foods’ ability to provide seafood to its customers throughout the Southeast Region.