USA: AmeriServe Signs Definitive Agreement for Acquisition by McLane
AmeriServe Food Distribution, Inc. announced today that it has signed a definitive sale agreement with McLane Company, Inc. The proposed sale of certain assets related to AmeriServe's U.S. distribution business to McLane is subject to, among other conditions, approval by the U.S. Bankruptcy Court."This transaction will fulfill AmeriServe's obligation to maximize value to its creditors, while continuing to serve customers and employees well," said Ron Rittenmeyer, AmeriServe president and chief executive officer. "Subject to Bankruptcy Court approval of the agreement, AmeriServe and McLane are committed to an orderly transition that allows those who depend on us to carry on business as usual."McLane Company, the only nationwide distributor to convenience stores, operates 16 distribution centers in the United States.AmeriServe, headquartered in Addison, Texas, a suburb of Dallas, is a major distributor specializing in chain restaurants, serving leading quick service systems such as KFC, Long John Silver's, Pizza Hut and Taco Bell.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Unilever 2016 investor day - the top takeaways
- Have food promotions reached tipping point?
- Quorn CEO sets out stall for 2017 - interview
- How Tyson's new CEO plans to grow the meat group
- Mondelez goes beyond certified cocoa - analysis
- Nestle unveils process to cut sugar by 40%
- Putin 'wants embargo to run as long as possible'
- Unilever sets new margin target with help from ZBB
- Unilever focuses on "value" of spreads arm
- McCormick to buy flavours business Enrico Giotti