US Foods has agreed to acquire Save On Seafood, a seafood processor and distributor in St. Petersburg, Fla. The transaction is expected to close on Oct. 28. Financial terms of the acquisition were not disclosed.
Save On Seafood has annual sales of more than $80 million, US Foods said. The company provides fresh and frozen seafood to restaurants and grocery stores throughout the Southeast United States.
US Foods will operate out of Save On Seafood’s facility, which employs 170. Gib Migliano, owner and president of Save On Seafood, will maintain his role as the company becomes a US Foods subsidiary and part of US Foods’ Stock Yards organization.
“Seafood sales continue to rise throughout the Southeast, and with Save On Seafood we are able to expand our fresh and frozen seafood offerings to our customers in these markets,” said David Norton, president, Stock Yards, US Foods. “With over 30 years in business, the great team at Save On has built a reputation for exceptional customer service, consistency, standards of operations and safety and we are excited to work together to continue delivering the fresh, high quality seafood our customers want.”
US Foods has been expanding its reach through acquisitions since last December. Save On Seafood is the company’s fifth acquisition within the past year. US Foods acquired Jeraci Foods earlier this month, Freshway Foods in May, Carra Donna Provision Co. in February and Dierks Waukesha last December.
By Rebekah Schouten
Source: Food Business News
Consumer healthcare firm Haleon has appointed Tate & Lyle executive Dawn Allen as its new chief financial officer, effective 1 November 2024. Allen will succeed Tobias Hestler, who has decided to step down from the role, citing a long-term health condition, the company said.
The group said that the bottling line, which adds 6,500 square metres to the existing 60,700-square-metre site, is the next necessary stage in the company’s international development. The leading brand in Campari Group’s global sales, demand for the Italian bitter apéritif has grown by 500% in the last decade.
The partnership will see Coca-Cola adopt new technology to foster innovation and productivity globally. Through the deal, Coca-Cola has made a $1.1 billion commitment to the Microsoft Cloud and its generative AI capabilities.