Sector News

US Foods to buy seafood company

October 21, 2016
Consumer Packaged Goods

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

comments closed

Related News

March 24, 2024

Aldi’s new flat and stackable wine bottles “make light work of heavy shopping baskets”

Consumer Packaged Goods

Collaborating with Packamama, Aldi has rolled out the “UK’s first” supermarket own-brand flat wine bottles within its Chapter & Verse label. The recyclable ergonomic packaging concept is made from 100% recycled PET (rPET) and available for shiraz and chardonnay options.

March 24, 2024

Health, sustainability, and a taste for adventure drive snacking behaviors: Mondelēz State of Snacking report

Consumer Packaged Goods

For the fifth year in a row, global consumers expressed a preference for snacking over traditional meals, with six in 10 consumers saying they’d rather eat several small meals throughout the day than a few large ones, according to the fifth annual State of Snacking report from Mondelēz International. Nearly nine in 10 (88%) consumers snack daily.

March 24, 2024

Shareholders challenge Nestlé to increase sales of healthy foods

Consumer Packaged Goods

The shareholders are urging Nestlé to set a target to boost the proportion of its sales from healthier products amid concerns regarding regulatory, reputational and legal risks faced by the company, as well as the public health implications “associated with an over-reliance on less healthy foods”.

How can we help you?

We're easy to reach