US Foods, one of the country’s largest foodservice distributors, announced Wednesday, 19 October it will purchase Florida-based Save On Seafood, a seafood processor and distributor with annual sales of more than USD 80 million (EUR 73 million).
Save On Seafood, headquartered in in St. Petersburg, Florida, provides fresh and frozen seafood to restaurants and grocery stores throughout the southeast United States.
US Foods will operate out of the Save On Seafood facility and expects retain all 170 Save On Seafood employees, including owner Gib Migliano as president of the new US Foods subsidiary.
This acquisition will help strengthen US Foods’ ability to provide seafood to its customers throughout the Southeast region, US Foods’ David Norton said.
“Seafood sales continue to rise throughout the Southeast, and with Save On Seafood we are able to expand our fresh and frozen seafood offerings to our customers in these markets,” Norton said. “With over 30 years in business, the great team at Save On has built a reputation for exceptional customer service, consistency, standards of operations and safety and we are excited to work together to continue delivering the fresh, high quality seafood our customers want.”
The transaction is expected to close on 28 October. Terms of the acquisition were not disclosed.
