US Foods acquires Smart Foodservice Warehouse Stores
In 2020, US Foods completed the acquisition of Smart Foodservice Warehouse Stores for $970.0 million. Previously owned by Apollo Global Management, Smart Foodservice Warehouse Stores operate 70 small-format cash and carry stores across Montana, Utah, Nevada, Idaho, California, Oregon and Washington. Smart Foodservices Warehouse Stores mainly serve small and mid-sized restaurants and other food business customers. The acquisition complements US Foods’ CHEF’STORE cash and carry model, as well as significantly increases the company’s presence in the West Coast.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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