US Foods Announces Resolution to Waterbury Lawsuit
ROSEMONT, Ill. -- May 21, 2014
US Foods announced today that its former parent company, Ahold, has signed a
term sheet agreeing in principle to settle a class action pending in the
United States District Court for the District of Connecticut relating to U.S.
Foodservice pricing practices between 1998 and 2005. US Foods operated as U.S.
Foodservice prior to 2011.
Ahold indemnified US Foods against damages arising from this suit as part of
the terms of the purchase of US Foods by Clayton, Dubilier & Rice and
Kohlberg, Kravis Roberts & Co in 2007. Specific details about the settlement
are available in Ahold’s press release (LINK) about the settlement.
Juliette Pryor, Executive Vice President, General Counsel and Chief Compliance
Officer of US Foods noted, “We’re pleased that this settlement provides final
resolution to this legacy litigation.”
“We are proud of the work being done today by US Foods employees across the
country, bringing food and food people together to make it easier for our
customers to succeed,” commented John Lederer, President and Chief Executive
Officer of US Foods. “The resolution of this issue allows us to continue our
commitment to Keeping Kitchens Cooking across America.”
About US Foods
As one of America’s great food companies and leading distributors, US Foods is
Keeping Kitchens Cooking and making life easier for customers, including
independent and multi-unit restaurants, healthcare and hospitality entities,
government and educational institutions. With approximately $22 billion in
annual revenue, the company offers more than 350,000 products, including
high-quality, exclusive brands such as the innovative Chef’s Line, a
time-saving, chef-inspired line of scratch-quality products, and Rykoff
Sexton, a premium line of specialty ingredients sourced from around the world.
The company proudly employs approximately 25,000 people in more than 60
locations nationwide. US Foods is headquartered in Rosemont, Ill., and jointly
owned by affiliates of Clayton, Dubilier & Rice LLC and Kohlberg Kravis
Roberts& Co. L.P. Discover more atwww.usfoods.com.
Senior Director, Corporate Communications
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