US Foods to acquire SRA Foods
March 6, 2017
by MEAT+POULTRY Staff
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SRA Foods, the Alabama-based meat processor and distributor, is worth $80 million.
ROSEMONT, Ill. – US Foods has agreed to acquire SRA Foods, a Birmingham, Alabama-based meat processor and distributor with annual sales of approximately $80 million. The transaction is expected to close in late March. Terms of the acquisition were not disclosed.
SRA Foods is a family owned company that was founded as a butcher shop in Birmingham in 1940. Today the company operates a 70,000-sq.-ft. facility featuring a product line of more than 1,000 items. The company also runs a fleet of nearly 20 trucks.
“The Anselmo family has built an incredible reputation for providing only the highest quality meats to more than 1,000 customers throughout the Birmingham area,” said David Norton, president, US Foods’ Stock Yards. “We are excited to be able to expand our offering throughout the South region and beyond by bringing SRA Foods into the US Foods family.”
US Foods will continue to operate the SRA Foods facility in Birmingham, which will become part of US Foods’ Stock Yards organization. The Stock Yards division provides custom-cut and packaged meat and seafood products. After the acquisition, US Foods anticipates adding more than 100 employees to the operations.
"We are proud to be joining US Foods, a company that shares our vision for providing our valued customers with the highest levels of quality and service,” said Anthony Anselmo, president, SRA Foods. “We’re pleased US Foods will continue to invest in our business and support our employees and the community of Birmingham."