US Foods to acquire three distribution companies
July 17, 2017
by MEAT+POULTRY Staff
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The transaction will expand US Foods' footprint in the Midwest.
ROSEMONT, Ill. – US Foods Inc. has agreed to acquire The Thompson Company, Braunger Foods and Variety Foods which all are owned and operated by TOBA Inc. US Foods expects the transaction to close by late July; details of the transaction were not disclosed.
Combined, the three companies generate more than $130 million in annual sales. The three companies have a combined employee base of approximately 250 individuals.
“This acquisition allows us to expand further into the Midwest and positions us even closer to our customers,” said Russell Scott, Midwest president, US Foods. “We look forward to building on the expertise of the strong employee base at The Thompson Company, Braunger Foods and Variety Foods and welcoming them to US Foods.”
TOBA Inc. entered the food distribution business in 1995 with the purchase of The Thompson Company in Grand Island, Nebraska. The company expanded its presence in the market with the 2002 acquisition of Braunger Foods in Sioux City, Iowa, and Sioux Falls, South Dakota-based Variety Foods in 2007. The three companies serve independent restaurant, school, grocery and convenience store customers in seven states across the Midwest.