Smart Foodservice Warehouse Stores to be acquired by US Foods for $970 million. Foodservice distributor US Foods Holding Corp. plans to buy Smart Foodservice Warehouse Stores, formerly the cash-and-carry format of Smart & Final Stores, in a $970 million cash deal. Under the deal, announced today, Portland, Ore.
Who bought smart food service?
US Foods acquired Smart Foodservice from funds managed by affiliates of Apollo Global Management. The deal excludes the Smart & Final retail grocery business, which was separated from Smart Foodservice prior to the transaction. Last April, Apollo unveiled a $1.12 billion buyout agreement to take Smart & Final private.
Can you use card at cash-and-carry?
Pick out your cart, shop at your own pace and pay for your purchase as you leave. Payment options include cash, business checks (with proper state ID), debit cards, and/or all major credit cards, including Visa, Mastercard, Discover and American Express. We do not accept EBT cards.
Is cash and carry the same as Smart and Final?
Smart & Final Stores said its Cash & Carry division will formally change its banner name to Smart Foodservice Warehouse Stores, a move officials said would help the restaurant supply merchant continue sales momentum and expand to new markets.
Who did US Foods buy?
ROSEMONT, Ill. –(BUSINESS WIRE)– US Foods Holding Corp. (NYSE: USFD) today announced that it has successfully completed the previously announced $970 million all cash acquisition of Smart Foodservice Warehouse Stores (“Smart Foodservice”).
Did Smart and Final sell?
Smart & Final to be acquired by Bodega Latina for $620 million | Supermarket News. Smart & Final currently operates 254 stores under the Smart & Final Extra! and Smart & Final banners in California, Arizona and Nevada.
Did US Foods get bought out?
On 9 December 2013, Sysco Corp announced it would acquire US Foods for $8.2 billion ($3.5 billion plus $4.7 billion of debt), but on June 24, 2015, U.S. federal judge Amit Mehta ruled that the combined Sysco-US Foods would control 75% of the U.S. foodservice industry and that would stifle competition.
