Sources: US Foods Eyes California Produce Distributor for Acquisition
ROSEMONT, IL - Reports have surfaced that US Foods is near acquiring Southern California-based seafood, produce, dairy, and grocery distributor Ingardia Brothers Produce.
Sources have told Undercurrent News that Ingardia Brothers suppliers have been informed of the deal, though no official announcement has been forthcoming. Ingardia Brothers Owners Samuel and Joseph Ingardia declined to comment to Undercurrent News, as did US Foods at the time of the story's publication.
Undercurrent News noted that the deal would give US Foods access to both Ingardia Brothers $100-million-turnover business and to its 63,000-square-foot Santa Ana facility—consolidating US Foods’ presence in the region. The acquisition would be the second major investment in the Southern California market in the last year, after US Foods purchased Hawthorne, California-based FirstClass Foods last April.
US Foods followed that acquisition with a number of expansive efforts throughout the last year—among them, acquiring TOBA Inc. Distribution companies in July of 2017, expanding its Virginia distribution center in August 2017.
“We have successfully closed five acquisitions this year as we continue to focus on accretive M&A opportunities,” President and CEO Pietro Satriano said in a financial report that same month. “Continued growth with targeted customers, in combination with our portfolio of value-added services, innovative products, and enhanced digital platform, position us for success in the second half of the year.”
AndNowUKnow will continue to report on this and other fresh produce news.
