US Foods Acquires Three TOBA Inc. Distribution Companies
ROSEMONT, IL – Continuing its trend of precipitous growth, US Foods has announced plans to acquire three broadline distributors, The Thompson Company, Braunger Foods, and Variety Foods—a family of companies previously owned and operated by TOBA Inc.
“This acquisition allows us to expand further into the Midwest and positions us even closer to our customers,” said Russell Scott, Midwest President of US Foods, in a press release. “We look forward to building on the expertise of the strong employee base at The Thompson Company, Braunger Foods, and Variety Foods and welcoming them to US Foods.”
TOBA Inc. entered food distribution with the purchase of Grand Island, Nebraska-based distributor The Thompson Company in 1995. The company subsequently expanded with the 2002 acquisition of Braunger Foods, located in Sioux City, Iowa, and Variety Foods, located in Sioux Falls, South Dakota, in 2007. The three companies serve independent restaurant, school, grocery, and convenience store customers in seven states across the Midwest—with more than $130 million in combined sales each year.
US Foods noted in its press release that the company will continue to operate all three companies’ locations and expects to welcome the approximately 250 team members employed by the companies into the US Foods family.
Terms of the transaction, which is expected to close by late-July, were not disclosed.
For more on important acquisitions and other news in the produce industry, check in with us at AndNowUKnow.