US Foods will acquire meat processor and distributor SRA Foods – its second buyout in the American foodservice space in less than a month.
Financial terms of the acquisition have not been publicly disclosed, but Alabama-based SRA had annual sales of approximately $80 million last year. The company – originally a family butcher shop in 1940 – occupies nearly 70,000 square feet of production facility and runs a fleet of almost 20 trucks, which distribute more than 1,000 products to its customers in the foodservice sector.
US Foods said that the acquisition would help it strengthen its offering in the south, where barbecue and meat-centric restaurants are popular.
In February, the company bought Rhode Island-based distributor All American Foods, which offers 10,000 different products to foodservice customers across the meat, dairy, fresh produce and processed foods categories.
SRA Foods president Anthony Anselmo said: “We are proud to be joining US Foods, a company that shares our vision for providing our valued customers with the highest levels of quality and service. We’re pleased US Foods will continue to invest in our business and support our employees and the community of Birmingham.”
David Norton, president of US Foods’ Stock Yards, added: “The Anselmo family has built an incredible reputation for providing only the highest quality meats to more than 1,000 customers… We are excited to be able to expand our offering throughout the south region and beyond by bringing SRA Foods into the US Foods family.”
US Foods will continue to operate SRA Foods’ facility in Birmingham, and expects to welcome its more than 100 employees to the company. The location will become part of the company’s Stock Yards organization, which provides high-quality meat and seafood, custom cut and packaged for customers’ specifications.
The transaction is expected to close in late March.
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