YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

US Foods to buy 5 companies for $1.8B

Posted online

US Foods Holding Corp. agreed to buy Services Group of America's five operating companies.

The acquisition of the organizations together known as Food Group of Companies is worth $1.8 billion in cash.

"This acquisition will significantly increase US Foods' reach across key markets in the attractive and growing Northwest region of the U.S. and adds one of the most well-regarded regional distributors to our company," said US Foods CEO Pietro Satriano.

Read more from MarketWatch.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
SBU unveils campus master plan

New academic buildings, residence halls in works for sesquicentennial.

Most Read
Update cookies preferences