ROSEMONT, ILL. — Foodservice distributor US Foods Holding Corp. recently announced that it would acquire Renzi Foodservice, based out of Watertown, NY.
The company said it’s the first acquisition made since April 2020 and the first under Dave Flitman since he was named chief executive officer of US Foods in November 2022.
“We look forward to welcoming the Renzi team to US Foods as we continue to deliver on our long-range plan and enhance our position with new and existing customers throughout the region,” Flitman said. “As one of the most respected family-owned and operated broadline foodservice distributors in Northern and Central New York, Renzi has built a strong reputation for great customer service and high-quality food from their modern distribution facility in Watertown, New York.”
Renzi Foodservice has been family-owned for two generations, with more than $180 million in annual revenue. It serves more than 2,300 independent restaurants, healthcare facilities, schools, government organizations, convenience stores and other customers.
“We are proud to be joining US Foods as our companies have many similarities, most important of which is the passion for bringing value to customers to help them succeed and a commitment to helping associates grow and thrive,” said Jude Renzi, CEO of Renzi Foodservice. “We look forward to US Foods investing in our business and expanding access to new and innovative products and business solutions to help our customers continue to grow their businesses profitably. The entire Renzi family thanks all our valued employees and customers who have supported us throughout our 46 years.”
US Foods confirmed that Renzi would continue to operate out of its 110,000-square-foot facility after the deal is finalized.
Terms of the transaction were not disclosed and are pending regulatory approval; the companies expect the acquisition to close in the third quarter of 2023.