US Foods acquires Florida seafood processor

Deal will will help strengthen US Foods’ ability to provide seafood to its customers throughout the southeast region.

Broadline distributor US Foods said Wednesday it is acquiring Save On Seafood, a seafood processor and distributor in St. Petersburg, Florida, with annual sales of more than $80 million (€73 million).

Save On Seafood provides fresh and frozen seafood to restaurants and grocery stores throughout the Southeast United States.

This acquisition will help strengthen US Foods’ ability to provide seafood to its customers throughout the Southeast Region, the distributor 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,” said David Norton of US Foods.

US Foods will operate out of the Save On Seafood facility and expects to welcome all approximately 170 Save On employees to US Foods, including owner Gib Migliano as president of Save On Seafood, a US Foods subsidiary. Save On Seafood will be part of US Foods’ Stock Yards organization.

The transaction is expected to close on Oct. 28. Terms of the acquisition were not disclosed.

US Foods is headquartered in Rosemont, Ill. and generates approximately $23 billion (€21 billion) in annual revenue.

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