US Foods Buys Renzi Foodservice, Looks To Expand Reach Across Upstate New York
Portfolio Pulse from Shivani Kumaresan
US Foods Holdings Corp (USFD) has agreed to acquire Renzi Foodservice, a broadline distributor based in Watertown, New York. The acquisition will allow US Foods to expand its reach into central upstate New York and is expected to close in Q3 2023.
May 19, 2023 | 3:04 pm
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US Foods (USFD) is acquiring Renzi Foodservice, expanding its reach in upstate New York. The deal is expected to close in Q3 2023.
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 could lead to increased revenues and market share for USFD, making it a positive short-term impact on the stock price.
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