US Foods plans to acquire Freshway Foods

US Foods Inc has agreed to acquire Freshway Foods, a fresh fruit and vegetable processor, repacker, and distributor serving the eastern half of the United States.

Established in 1988, Freshway Foods is owned by brothers Phil and Frank Gilardi and is based in Sidney OH. The company has built a reputation for providing fresh cut produce that includes cutting, cleaning, chopping, and packaging of raw produce resulting in a product that can be customized to meet any preferences and delivered ready for immediate use. In addition, Freshway Foods has established a farm-to-fork food safety approach that ensures food safety compliance from the grower through consumption.

US Foods will be keeping the Freshway Foods building open and welcomes its employees.

“We are very excited about this new partnership with US Foods,” said Phil and Frank Gilardi. “Since we started this business, our success has been built upon our commitment to our associates and our customers, and we are looking forward to the next chapter for Freshway Foods as part of a well-established and reputable company like US Foods.”

The transaction is expected to close June 10, 2016. Terms of the transaction were not disclosed.

US Foods is a large foodservice distributor with customers including independent and multi-unit restaurants, healthcare and hospitality entities, and government and educational institutions. Headquartered in Rosemont IL, the company employs approximately 25,000 people in 61 locations nationwide.

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TAGS: Produce News
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