US Foods has agreed to acquire broadline distributors The Thompson Co., Braunger Foods and Variety Foods, all owned and operated by TOBA Inc. Terms of the transaction, which is expected to close by late July, were not disclosed.
TOBA Inc. acquired The Thompson Co., based in Grand Island, Neb., in 1995, signaling the company’s foray into food distribution. In 2002, TOBA acquired Sioux City, Iowa-based Braunger Foods and purchased Sioux Falls, S.D.-based Variety Foods in 2007. With more than $130 million in combined annual sales, the three companies serve independent restaurant, school, grocery and convenience store customers in seven states across the Midwest.
US Foods will continue to operate all three locations, the company said, and it plans to welcome the combined employee base of approximately 250 to US Foods.
“This acquisition allows us to expand further into the Midwest and positions us even closer to our customers,” said Russell Scott, Midwest president for US Foods. “We look forward to building on the expertise of the strong employee base at The Thompson Co., Braunger Foods and Variety Foods and welcoming them to US Foods.”
By Rebekah Schouten
Source: Food Business News
A new technology that speeds up bacterial testing in food is showing promise to “revolutionize” the process of testing bacterial viability in food, according to Japan-based scientists who discovered the breakthrough in food safety. The technique can reportedly verify food safety before shipment from factories and prevent food poisoning.
Heineken Mexico plans to invest €430 million in the establishment of a new brewery in Yucatán, aiming to expand sustainable brewing practices and foster community growth. Construction will take place in the Kanasín municipality, marking the company’s inaugural brewery in southeastern Mexico.
Keurig Dr Pepper (KDP) has appointed former Mondelēz International executive Tim Cofer as its new chief operating officer, with plans for Cofer to succeed current CEO Bob Gamgort in the second quarter of 2024. Cofer, who will join KDP on 6 November, will work closely with Gamgort while in the capacity of COO.