USA :Food.com and Reynolds Foodservice Partner to Revolutionize Restaurant Takeout And Delivery
Food.com, the Internet's food and dining destination, and Reynolds Foodservice Products, a leader in foodservice packaging, today announced a joint effort to deliver a restaurant quality meal to the home through improved convenience and packaging of restaurant take-out and delivery programs. Food.com and Reynolds Foodservice plan to cross promote their products to the respective restaurateur and client base.
With Food.com's proposed acquisition of Takeout Taxi, the nation's largest restaurant delivery service, Food.com will be in a key position with respect to delivery of restaurant takeout to its consumers. Food.com plans to invest in the infrastructure of Takeout Taxi in order to upgrade delivery service operations and provide a more timely and convenient option for its customers. Reynolds Foodservice also is improving restaurant takeout and delivery by working with restaurants around the country to educate them on how quality packaging can help preserve the quality of food as it travels between the restaurant and the consumer's home.
According to the National Restaurant Association, takeout occasions outnumbered on-premise occasions (51% vs. 49%) in 1998, and 40% of adults feel that purchasing takeout is essential to the way they live. However, consumers are concerned that takeout does not travel well, and feel that somewhere between the home and the restaurant, the meal may get cold, lose flavor and texture. Technomic research also indicates that consumers feel takeout packaging can "make or break" a meal. Both Food.com and Reynolds Foodservice recognize the need to preserve the quality of a restaurant meal as it travels, and they have united to provide a solution.
The new cooperative effort calls for representatives of Reynolds Foodservice to work with Food.com in providing takeout and delivery food packaging solutions to Food.com's current base of nearly 16,000 restaurants nationwide and prospective clients within the same industries. In addition, Reynolds Foodservice will promote the Food.com service as a takeout and delivery solution to Reynolds Foodservice's current and prospective clients in the restaurant industry and in the home meal replacement category of the grocery industry.
"Reynolds Foodservice is a well trusted name among the restaurant community and we believe this cooperative effort will help us reach many prospective clients," said John C. Laing, Chief Operating Officer at Food.com. "We also believe that Reynolds Foodservice's packaging solutions will help our current and future client base meet the high demand for quality packaging for takeout and delivery food. We're looking forward to a long and mutually beneficial relationship."
"We want to help our customers find new channels to grow their business, " said Charles T. Cox, general manager of Reynolds Foodservice. "With Food.com, we are working with restaurant customers, helping them to develop menu items and providing packaging that enables them to maximize the quality of the product delivered to Food.com patrons."
About Reynolds Foodservice
Reynolds Foodservice offers more than 1,000 products for use in food preparation, serving and storage in restaurants and other prepared food businesses. Reynolds Foodservice also offers its customers innovative, value- added services such as consumer research and the development of menuable concepts. Reynolds Foodservice is part of the Packaging and Consumer global business unit of Reynolds Metals Company, which also produces and markets the popular Reynolds Wrap® Aluminum Foil and other consumer and commercial food packaging products. Reynolds Metals Company is a wholly owned subsidiary of Alcoa, Inc.
Food.com is the Internet's food and dining destination. Offering a wide range of services from online ordering of restaurant meals to editorial content about dining and food, Food.com aims to be the one-stop site for consumers interested in anything and everything about food. At the core of Food.com's offerings is the online restaurant meal takeout and delivery service. With over 16,000 restaurants on the service nationwide and 1,000,000 registered members, Food.com is the exclusive takeout and delivery partner of America Online. Food.com also enables consumers to search for information on over 400,000 restaurants across the country with the Food.com Dining Guide, and shop for food-related items from select partners in the Food.com Marketplace. The company's primary initiatives focus on offering a variety of food-related transactions to the consumer, expert food-related editorial, service through any Internet device from personal computers to wireless handhelds and televisions, and business-to-business services for the vast network of Food.com restaurants. Investors in Food.com include Accel Partners, Tribune Ventures, Novell, Liberty Digital, Clear Channel, McDonald's Corporation, Kraft Foods, TV Guide, and Blockbuster, Inc. Food.com can be found on the World Wide Web at www.food.com and can also be contacted at (415) 403-5200.
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