US Foods is acquiring Renzi Foodservice, a Watertown, New York-based broadline distributor. This allows the Rosemont, Illinois-based company to further expand into central upstate New York where it does not have a distribution center.
This is US Foods’ first acquisition since April 2020 and the first under CEO Dave Flitman. The companies did not disclose the terms of the deal.
Renzi Foodservice, which has been family owned for two generations, has more than $180 million in annual revenue and serves more than 2,300 independent convenience stores, restaurants, healthcare facilities, schools, government organizations and other customers. It will continue to operate in its 110,000-square-foot facility, US Foods 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,” Flitman said. “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.”
Jude Renzi, CEO of Renzi Foodservice, said, “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.”
Pending regulatory approval, the companies expect the acquisition to close in third-quarter 2023.
US Foods partners with about 250,000 restaurants and foodservice operators. It has 70 broadline locations and more than 85 cash and carry stores.
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