Foodbuy (www.foodservice.com), a group purchasing and data management services company committed to all segments of the $370 billion foodservice industry, announced today they have reached agreement with Tyson Foods Inc. (NYSE: TSN) and Ecolab Inc. (NYSE: ECL) to become a part of the Foodbuy Endorsed Rebate Program.
Under the Agreement, Tyson will provide rebates on over 200 chicken items and Ecolab will provide incentives on a significant number of cleaning and pest control products. The rebates will be offered to over 8,000 Foodbuy foodservice member operators, including Morrison’s Contract Management Services and Consorta Catholic Resource Partners, Inc.
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Tyson and Ecolab will join over 100 foodservice manufactures in the Foodbuy Endorsed Rebate Program, offering incentives on over 12,000 food and food related items to Foodbuy members. Tyson and Ecolab will have the ability to market current and new products directly to Foodbuy members, increasing product exposure and building market share.
Tyson Foods, Inc. is the number one chicken company in the world and the largest fully integrated producer, processor and marketer of chicken, chicken-based food products and convenience food items. With annual sales of over $7.2 billion, Tyson is the recognized market leader in almost every retail and foodservice market it serves.
Ecolab is the leading global developer and marketer of critical environment sanitation systems, products and services for institutional hospitality, health care, and food processing and pharmaceutical markets. Ecolab has more than 75 years of experience in cleaning and sanitation; helping operators reduce labor costs and product use, while increasing sanitation levels, cleaning performance and equipment life. Ecolab is the world leader, with $3.1 billion in global sales.
“We are extremely pleased to have these industry leaders as part of the Foodbuy program,” said Scott MacLellan, President and CEO of Foodbuy. “Tyson and Ecolab bring strong brand identity and reinforced credibility to our program. We believe the Foodbuy business model is competitively positioned for today’s foodservice market, creating win-win situations for our manufacturer partners and operator members.”
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By GlobalDataAccording to Kevin Dyer, Divisional Sales Manager – Healthcare, “Tyson Foods is excited about participating with Foodbuy and their 21st century business concepts. We believe this relationship will enhance Tyson’s ability to bring new products to the marketplace, draw attention to Tyson’s Lady Aster line and present innovative, further processed products to the marketplace.”
“What a great opportunity! Ecolab has always been committed to what is good for our customers is good for us. This is good for our customers. Foodbuy is a very professional organization and a great partner in the customer service and support process. We are looking forward to accelerated business growth and mutual success with this strategic opportunity,” said Mike McNeely, Assistant Vice President, Corporate Accounts, Ecolab Inc.
About Tyson Foods, Inc.
Tyson Foods, Inc., headquartered in Springdale, Ark., is the world’s largest fully integrated producer, processor and marketer of chicken and chicken-based convenience foods, with 68,000 team members and 7,400 contract growers in 100 communities. Tyson has operations in 18 states and 15 countries and exports to 73 countries worldwide. Tyson is the recognized market leader in almost every retail and foodservice market it serves. Through its Cobb-Vantress subsidiary, Tyson is also a leading chicken breeding stock supplier. In addition, Tyson is the nation’s second largest maker of corn and flour tortillas under the Mexican Original® brand, as well as a leading provider of live swine.
About Ecolab Inc.
Ecolab is the leading global developer and marketer of premium cleaning, sanitizing, pest elimination, maintenance and repair products and services for the hospitality, institutional and industrial markets. For the year ended December 31, 2000, Ecolab reported sales of $2.3 billion; including European joint venture sales, Ecolab’s global sales coverage was $3.1 billion. Ecolab shares are traded on the New York Stock Exchange and the Pacific Exchange under the symbol ECL.
Ecolab news releases and other investor information are available on the Internet at www.ecolab.com and by telephone at 1-800-FACT-ECL.
About Foodbuy
Foodbuy is the leading group purchasing and data management services company for the $370 billion foodservice marketplace. The company, which has more than $2.1 billion in aggregate purchasing power, offers foodservice operators, distributors and manufacturers a comprehensive suite of offline and online services, which include group purchasing, rebate and data management programs, an e-Marketplace, content and community that optimize the way their organizations operate. Foodbuy is headquartered in Atlanta, GA, and has a growing group of investors, including CMGI@Ventures, CMGI’s venture capital affiliate and Morrison Management Specialists, Inc. For more information, visit the company’s Web site at www.foodservice.com or call 800-896-4442.
