Food Business News - February 23, 2016 - (Page 13)

US Foods files for initial public offering company said it has identified three plans of action: increase its share with new and existing customers, grow its share in center-of-plate and produce, and expand its private brand program. "Center-of-plate proteins and produce categories account for a significant por- ROSEMONT, ILL. - US Foods Holding Corp. on Feb. 9 filed for an initial public offering of about $100 million. The announcement comes less than a year after the Rosemont-based broadline food service distributor was blocked from a potential merger with Houston-based food distributor Sysco Corp. US Foods, which is owned by the private equity firms Clayton, Dubilier & Rice and Kohlberg Kravis Roberts & Co., sustained a loss of $73 million in fiscal 2014 and had net sales of $23,020 million, according to the prospectus. This compared with a loss of $57 million in fiscal 2013 and a loss of $51 million in fiscal 2012, but in the 39 weeks ended Sept. 26, 2015, the company posted net income of $177 million on $17,192 million in net sales. According to the prospectus filed with the U.S. Securities and Exchange Commission, US Foods supplies more than 250,000 customer locations nationwide, including independently owned single- and multi-unit restaurants, regional restaurant concepts, national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations. The company also provides more than 400,000 fresh, frozen and dry food stock-keeping units. The company has more than 4,000 sales associates who manage a network of 61 distribution facilities and a fleet of approximately 6,000 trucks. "This operating model allows us to leverage our nationwide scale and footprint while executing locally," US Foods said. US Foods said its growth strategy gives it an opportunity to outpace the projected growth of the U.S. food service distribution industry, and the company intends to do so by increasing its revenue with its target customers, continuing to drive greater cost savings and efficiencies, and making opportunistic acquisitions. To expand its net sales and profitability the February 23, 2016 tion of total industry sales," US Foods noted in the prospectus. "These categories are often provided by a number of specialty distributors that have deep category knowledge but lack scale. Our objective is to be our customer's 'first choice' in these categories." FBN IS IT TIME TO SEE THINGS FROM A DIFFERENT PERSPECTIVE? Managing the day-to-day can be a costly distraction from other issues facing the business. Problems can go unresolved, opportunities can be missed, and potential can go unrealized. So maybe it is time to have a partner by your side that can help you bring out the best from your business. To connect customers and suppliers in a winning partnership, Brenntag offers a range of clear and measurable advantages tailored precisely to your business. Our extensive product and service portfolio as well as our unparalleled depth of experience provide a unique source of market insight and technical expertise to our business partners worldwide. May we invite you to talk about new perspectives? FOODBUSINESS NEWS ® 13

Table of Contents for the Digital Edition of Food Business News - February 23, 2016

Food Business News - February 23, 2016
Campbell Soup defends G.M.O. labeling decision
Whole grains versatility
Dairy Business News - The many shades of cocoa
Table of Contents
Web Contents
Editorial - Pickup ahead in food m. & a. activity
WhiteWave broadening its Horizon
Pilgrim’s Pride plans sizable strategic investment
Consumers not clear on clean label definition
W.H.O. report urges tax on sugar-sweetened drinks
Snacks ‘area of weakness’ for Kellogg
US Foods files for initial public offering
Beyond Tyson 2.0
General Mills ahead of natural, organic sales goal
Mondelez ‘Lines of the Future’ steadily proliferating
Smucker looks to ‘lead with innovation'
Food business blossoming for
Mars to remove artificial colors across portfolio
Three trends driving gluten-free market
Market Insight - The demise of orange juice
Washington - President’s budget for food safety leans heavily on user fees
Ingredient Trends - Manufacturers responding to non-G.M.O. trend
Whole grain intake still could improve
Is there a U.S. cocoa shortage?
New Food Products
Ingredient Market Trends - Secretary Vilsack says reports demonstrate net energy benefits of ethanol
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - February 23, 2016