ROSEMONT, Ill. — US Foods, one of the country’s most innovative food companies and leading distributors, today announced it has agreed to acquire Hawkeye Foodservice Distribution, Inc. of Iowa City, Iowa.
Founded in 1952, Hawkeye is one of the largest independently owned broadline foodservice distributors with sales in excess of $200 million. Hawkeye serves more than 4,000 customers, including independent restaurants, health care facilities and schools. The Hawkeye distribution center in Iowa City, Iowa, will serve as US Foods’ first distribution center in the state.
“Hawkeye is an outstanding company with a deep commitment to food and customer service,” said Keith Knight, central region president, US Foods. “Adding the Hawkeye business to US Foods will enable us to better serve our customers throughout Iowa and expand our presence in this region.”
Jeff Braverman, president of Hawkeye and the third generation to lead the company, will join US Foods as the division president in Iowa. “US Foods is committed to providing customers with top notch service and innovative product offerings that will create new opportunities for Hawkeye customers,” said Jeff Braverman. “I’m excited that Hawkeye is now part of this industry leading company.”
The transaction is expected to close in early August. Terms of the transaction were not disclosed.
About US Foods
With more than $20 billion in annual revenue, US Foods is the 10th largest private company in America. As one of America’s great food companies and leading distributors, US Foods is Keeping Kitchens Cooking and making life easier for more than 250,000 customers, including independent and multi-unit restaurants, healthcare and hospitality entities, government and educational institutions. The company offers more than 350,000 products, including high-quality, exclusive brands such as the innovative Chef’s Line, a time-saving, chef-inspired line of scratch-quality products, and Rykoff Sexton, a premium line of specialty ingredients sourced from around the world. US Foods also showcases its innovative food culture through The Scoop, a quarterly launch of new, on-trend products designed to make customers more successful. The company proudly employs approximately 25,000 people in more than 60 locations nationwide. US Foods is headquartered in Rosemont, Ill., and jointly owned by funds managed by Clayton, Dubilier & Rice Inc. and Kohlberg Kravis Roberts & Co. Discover more at www.usfoods.com.
Source: US Foods
