U.S. Foods To Acquire Renzi Foodservice; Pending Regulatory Approval, The Acquisition Is Expected To Close In Q3 Of 2023. Terms Of The Transaction Were Not Disclosed
Portfolio Pulse from Happy Mohamed
US Foods Holding Corp. (NYSE:USFD) has agreed to acquire Renzi Foodservice, a broadline distributor in Watertown, New York. The acquisition is expected to close in Q3 of 2023, pending regulatory approval. This will allow US Foods to expand its reach into central upstate New York.
May 19, 2023 | 12:46 pm
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US Foods (NYSE:USFD) is set to acquire Renzi Foodservice, expanding its reach into central upstate New York. The acquisition is expected to close in Q3 of 2023, pending regulatory approval.
The acquisition of Renzi Foodservice will allow US Foods to expand its reach into central upstate New York, where it currently does not have a distribution center. This expansion is expected to support the company's growth and enhance its position with new and existing customers in the region. The acquisition is expected to close in Q3 of 2023, pending regulatory approval, which could positively impact USFD's stock price in the short term.
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