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Renzi Foodservice in Watertown's City Center Industrial Park is being acquired by US Foods. Watertown Daily Times
Renzi Foodservice in Watertown's City Center Industrial Park is being acquired by US Foods. Watertown Daily Times
WATERTOWN — Renzi Foodservice, a family-owned food distributor started in Watertown in 1977, is being acquired by one of the largest foodservice distributors in the country.
US Foods Holding Corp. announced Friday that it has agreed to acquire Renzi, a broadline distributor located the City Center Industrial Park off Arsenal Street, by the end of the third quarter this year.
A US Foods spokesperson said the company will be retaining the Renzi name for the business and its roughly 300 employees. The business may be subject to a name change upon further evaluation after the deal is closed.
“We are proud to be joining US Foods as our companies have many similarities, most important of which is the passion for bringing value to customers to help them succeed and a commitment to helping associates grow and thrive,” Jude Renzi, CEO of Renzi Foodservice, said in a statement. “We look forward to US Foods investing in our business and expanding access to new and innovative products and business solutions to help our customers continue to grow their businesses profitably. The entire Renzi family thanks all our valued employees and customers who have supported us throughout our 46 years.”
In its second generation of family ownership, Renzi Foodservice has more than $180 million in annual revenue and serves more than 2,300 independent restaurants, health care facilities, schools, government organizations, convenience stores and other customers. Renzi Foodservice will continue to operate in the 110,000-square-foot facility in the city’s industrial park where it already conducts business.
US Foods said in a statement that the acquisition, which is the first for the company since April 2020 and the first under CEO Dave Flitman’s leadership, will allow US Foods to further expand its reach into central and upstate New York where the company does not have a distribution center.
“We look forward to welcoming the Renzi team to US Foods as we continue to deliver on our long-range plan and enhance our position with new and existing customers throughout the region,” Flitman said. “As one of the most respected family-owned and operated broadline foodservice distributors in Northern and Central New York, Renzi has built a strong reputation for great customer service and high-quality food from their modern distribution facility in Watertown, New York.”
Pending regulatory approval, the acquisition is expected to close in the third quarter of 2023. Terms of the transaction were not disclosed.
Johnson Newspapers 7.1
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