ROSEMONT, IL - A major acquisition is taking place in the foodservice distribution space. It was recently announced that US Foods Holding Corp. will acquire IWC Food Service. The transaction is part of US Foods’ tuck-in acquisition strategy and will allow the company to further expand its reach into the central Tennessee region, where it does not currently have a distribution center.

“We are excited to welcome the dedicated IWC Food Service associates to US Foods as we continue to strategically grow the US Foods footprint and help new and existing customers throughout the region Make It,” said Dave Flitman, Chief Executive Officer of US Foods. “With a heritage of putting innovation, quality, and integrity at the forefront of their commitment to their customers, IWC Food Service has maintained a superior reputation throughout the central Tennessee region, and we look forward to investing in the continued growth of the business after close.”

According to a press release, IWC Food Service has more than $200 million in annual revenue and serves more than 2,700 independent restaurants, which make up more than half of its business, as well as other customers. After the acquisition, the company will continue to operate in the 160,000-square-foot facility where it conducts business today and will also continue service at the local Cookeville Cash-and-Carry store.

Pending regulatory approval, the acquisition is expected to close in the second quarter of 2024. Terms of the transaction were not disclosed.

“This is an exciting day for IWC Food Service, and we look forward to combining the strengths of our two companies at close to continue bringing our valued customers the service, solutions, and tools they need to help them thrive and succeed,” said Bob Mackie, President of IWC Food Service. “We are honored to be joining US Foods and welcome their continued investment in IWC Food Service and the dedicated and inspired associates who successfully support our business each day. Our father, Jimmy W. Mackie, Founder and CEO emeritus, started this company more than 60 years ago with the understanding that operating as a company comprised of people you can depend on would drive our continued success, and he is as proud as we are to reach this milestone.”

As we learn more about US Foods’ acquisition strategy, be sure to follow along with ANUK.