US Foods Secures SGA's Food Group

US Foods Holding Corp. is in the process of acquiring SGA's Food Group of Cos for $1.8 billion cash.

July 30, 2018

Reuters reports that US Foods Holding Corp. is in the process of acquiring SGA's Food Group of Cos for $1.8 billion. The acquisition is an attempt to expand into the northwestern part of the United States.

SGA's Food collected net sales of $3.2 billion from its five operating units in 2017 and has 12 distribution centers. The sale will have US Foods reaching about $55 million in annual run-rate cost savings by the end of 2022, Reuters reports.

According to Reuters, the deal will be primarily funded through a term loan of $1.5 billion from J.P. Morgan and Bank of America Merrill Lynch.

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Top Software & Tech Award Honors New-to-Market Solutions

NEW THIS YEAR: This award is now a new product award, honoring new-to-market software and technology solutions in both Food Logistics and Supply & Demand Chain Executive audiences. Submissions close Sept. 22.

Stop, Drop and Nominate a Female Supply Chain Professional

This award honors female supply chain leaders and executives. NEW THIS YEAR, this award is now ALSO open to Food Logistics' readers as well. Submissions close July 14.

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SCN Summit: State of the Supply Chain 2023

June 6, 2023

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