Dot Foods, North America’s largest food industry redistributor, announced the acquisition of ShopHero, a leading grocery-focused e-commerce technology company, with the support of platform consultancy firm Applico.
Sysco announced today it has entered into an agreement to acquire Greco and Sons, a leading independent Italian specialty distributor in the United States from Arbor Investments and the Greco family. Greco and Sons operates 10 distribution centers servicing 22 geographies nationwide, with approximately $800 million in annual revenue.
Sysco announced two new online toolkits to its Foodie Solutions platform. The Labor & Hiring and Summer Solutions Toolkits are the latest in a series of carefully curated tools to help foodservice operators succeed while generating additional revenue and meeting consumer expectations.
New Wave Foods announced a strategic distribution agreement to officially launch its New Wave Shrimp to North American restaurants and foodservice companies. Under a non-exclusive agreement with Dot Foods, the largest foodservice industry redistributor in North America, New Wave Foods is accelerating its go-to-market efforts by providing foodservice companies with immediate and convenient access to its plant-based shrimp.
US Foods announced the opening of the US Foods Scholars application period. US Foods Scholars provides financial support and development opportunities to culinary and hospitality students who demonstrate tremendous promise and achievement but require assistance to take the next step of their career. With the addition of Birmingham, Ala., Daytona Beach, Fla. and Portland, Ore., the program now reaches nine markets. This year, up to 18 students will receive $20,000 each to support their continued culinary or hospitality education, in addition to training opportunities with US Foods culinary professionals.
Sysco has announced the addition of three new toolkits to its Foodie Solutions platform: Brunch, Protecting Your Business and Turning Your Tables. As more restaurants reopen their dining rooms, these are the latest in a series of carefully curated tools to help customers respond quickly to shifting business requirements and trends resulting from the COVID-19 pandemic.
SpartanNash announced it has realigned its BRT Indianapolis and Managed Freight Minnesota teams into one organization and rebranded as SpartanNash Logistics. The centralized third-party transportation logistics solution will enable SpartanNash to better serve its more than 150 corporate-owned retail stores in nine states, independent and national account customers nationwide, U.S. military commissaries and exchanges and third-party logistics customers.
Sysco announced it has reduced its outstanding debt by a total of $1.1 billion. The company repaid the remaining $700 million in outstanding borrowings under its long-term revolving credit facility that expires on June 28, 2024. In addition, Sysco’s United Kingdom-based subsidiary, Brake Bros Limited, repaid £300 million of its £600 million in aggregate principal amount of notes outstanding under its commercial paper program, equating to approximately $417 million in debt reduction.
US Foods has launched its Spring 2021 Scoop, “Hungry for Better,” which features products that cater to consumers’ growing interest in dining options that support their planet, their communities and themselves.
BHI, a full-service commercial bank, announced that its Food & Beverage Group has arranged a total of $61.6 million in two new financing transactions for clients Teasdale Latin Foods and Resnick Distributors.
