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28-Apr-2020 US Foods wraps up acquisition of Smart Food service Warehouse
RETAIL & FINANCIAL
US Foods wraps up acquisition of Smart Food service Warehouse

US Foods Holding Corp. has closed its $970 million acquisition of Smart Foodservice Warehouse Stores from the private equity owner of Smart & Final Stores. Rosemont, Ill.-based US Foods said Friday that, with the addition of Smart Foodservice, it expects to achieve $20 million in annual run-rate cost synergies by the end of 2023, namely via purchasing efficiencies and private-label expansion. US Foods Holding Corp. has closed its $970 million acquisition of Smart Foodservice Warehouse Stores from the private equity owner of Smart & Final Stores. Rosemont, Ill.-based US Foods said Friday that, with the addition of Smart Foodservice, it expects to achieve $20 million in annual run-rate cost synergies by the end of 2023, namely via purchasing efficiencies and private-label expansion. US Foods Holding Corp. has closed its $970 million acquisition of Smart Foodservice Warehouse Stores from the private equity owner of Smart & Final Stores. Rosemont, Ill.-based US Foods said Friday that, with the addition of Smart Foodservice, it expects to achieve $20 million in annual run-rate cost synergies by the end of 2023, namely via purchasing efficiencies and private-label expansion.

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