Ahold (NYSE: AHO), the international food provider today announced that U.S. Foodservice, its wholly-owned foodservice company in the United States, has acquired 100% of the shares of Parkway Food Service, a broadline distributor in western Florida.
Parkway generates sales of approximately USD 85 million and is headquartered in Clearwater, Florida. Parkway services over 1,000 accounts, primarily restaurants, schools, universities and health care institutions, with a range of food and related non-food items. Parkway is also a Certified Angus Beef® brand distributor.
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Remarks by Jim Miller, President & CEO, U.S. Foodservice
“We’re delighted to welcome Parkway into the U.S. Foodservice family,” said Jim Miller, President & CEO of U.S. Foodservice. “Parkway has a tremendous reputation for customer service and substantial opportunities for growth within the robust Florida market. Together we look forward to providing Parkway’s customers with outstanding service in the years ahead.”
Remarks by Jim Reese, President of Parkway Food Service
“Teaming up with U.S. Foodservice provides Parkway with significant economies of scale and additional know-how that will allow us to better service our customers,” said Jim Reese, President of Parkway Food Service. “We see many new opportunities for growth through U.S. Foodservice’s broad array of product and service offerings. The transaction with U.S. Foodservice is therefore clearly in the interest of all our stakeholders as it provides substantial opportunity for continued success.”
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By GlobalDataU.S. Foodservice
U.S. Foodservice is the second-largest food distributor in the United States with annualized sales of approximately USD 12 billion and a nationwide reach through its 55 business centers. The company markets and distributes a wide range of national and proprietary brand items to over 200,000 foodservice customers, including restaurants, hotels, healthcare facilities, cafeterias and schools. U.S. Foodservice was acquired by Ahold in April 2000.
Ahold in United States and worldwide
In addition to U.S. Foodservice, Ahold operates over 1,300 supermarkets in the United States through five retail operating companies: Stop & Shop, Giant Food Stores, Giant, Tops and BI-LO. Ahold 2000 sales in the U.S. amounted to USD 27.5 billion. Elsewhere in the world, Ahold also has operations in Europe, Latin America and Asia. Worldwide sales for 2000 were in excess of USD 50 billion.
The Ahold website can be found at www.ahold.com.
Ahold will release full-year 2000 results on March 6, 2001.
Royal Ahold press releases may contain ‘forward-looking’ statements. Actual results may differ from such statements as they may have been influenced by factors beyond the Company’s ability to control.
