COLUMBIA, Md., Nov. 15 /PRNewswire/ — U.S. Foodservice announced today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act with respect to the acquisition of Alliant Exchange Inc. expired on November 14, 2001, without any action by the Federal Trade Commission. Alliant Exchange is the parent company of Alliant Foodservice, Inc. a leading distributor in the growing foodservice market in the United States.
Total consideration for the purchase will be $2.2 billion including the assumption of $750 million in debt. The companies expect the deal to close on or before November 30, 2001. At that point, the combined company will be known as U.S. Foodservice.
Headquartered in Columbia, Maryland, U.S. Foodservice is a foodservice distributor in the United States, distributing food and related products to restaurants and institutional foodservice establishments across the entire country. U.S. Foodservice markets and distributes more than 43,000 national, private label and signature brand items to over 200,000 foodservice customers, including restaurants, hotels, cafeterias and schools, and employs over 19,000 foodservice professionals.
SOURCE: U.S. Foodservice