US Foods is acquiring New York-based Renzi Foodservice, the company announced May 19.
The distributor will be the Illinois-based food company’s first acquisition since April 2020 and follows recent remarks that US Foods was “opportunistically pursuing” acquisitions, executives said during a Q1 earnings call. Terms of the deal were not disclosed.
The acquisition will expand US Food’s reach into central upstate New York, where Renzi currently operates a 110,000-square-foot facility, according to the release.
While US Foods does not have a distribution facility in central upstate New York, the company operates distribution centers in Buffalo and Albany, as well as an additional facility in Perth Amboy, New Jersey, which serves the New York City metro area, according to the company’s website.
When US Foods acquired Smart Foodservice of Portland, Oregon three years ago, the company said it was drawn to its network of 70 small-format cash and carry stores that sold an assortment of products to small and mid-sized restaurants across the western U.S.
The addition of Renzi Foodservice continues US Foods’ strategy of growing its presence serving independent restaurants, one of several segments served by Renzi.
The deal is expected to close in Q3.