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Us Foods Completes Acquisition Of Renzi Foodservice

Jul 07, 2023•over 2 years ago

Acquiring Company

US Foods

Acquired Company

Renzi Foodservice

RosemontFood and BeverageHospitality

Description

US Foods Holding Corp. (NYSE: USFD) today announced that it has successfully completed the previously announced acquisition of Renzi Foodservice, a broadline distributor located in Watertown, New York. The transaction closed today, July 7, 2023. The acquisition enables US Foods to further expand its reach into central upstate New York where the company does not have a distribution center.

Company Information

Company

US Foods

Location

Rosemont, Illinois, United States

About

US Foods is one of America’s largest foodservice distributors, partnering with approximately 250,000 restaurants and foodservice operators to help their businesses succeed. The company provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology and business solutions.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed