NETHERLANDS/USA: Ahold's US Foodservice to acquire Lady Baltimore assets
Ahold's wholly owned foodservice subsidiary in the United States, US Foodservice, today [Thursday] announced it has reached agreement to acquire certain assets and assume certain liabilities of Lady Baltimore Foods, a prominent regional broadline foodservice distributor based in Kansas. The assets involved include Lady Baltimore's net working capital and its goodwill. US Foodservice will extend offers of employment to a number of Lady Baltimore's employees, including a majority of its sales force. The planned transaction is expected to be completed in the third quarter of 2002. It should enable US Foodservice to improve its presence in the large and competitive markets of Kansas City, Kansas, Kansas City, Missouri and St. Louis, Missouri, Ahold said in a press release.
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