July 21, 2017 5:49 PM ET

Food and Staples Retailing

Company Overview of US Foods, Inc.

Company Overview

US Foods, Inc. operates as a foodservice distributor in the United States It offers a range of fresh, frozen and dry food, and non-food products with approximately 400,000 stock-keeping units. The company serves 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 was formerly known as U.S. Foodservice, Inc. and changed its name to US Foods, Inc. in September 2011. US Foods, Inc. was founded in 1853 and is headquartered in Rosemont, Illinois. US Foods, Inc. operates as a subs...

9399 West Higgins Road

Suite 500

Rosemont, IL 60018

United States

Founded in 1853

25,000 Employees

Phone:

847-720-8000

Key Executives for US Foods, Inc.

Chief Executive Officer, President and Director
Age: 55
Chief Financial Officer
Age: 44
Chief Compliance Officer, Executive Vice President and General Counsel
Age: 49
Senior Vice President of Food Safety and Quality Assurance
Executive Vice President of Nationally Managed Business
Age: 52
Compensation as of Fiscal Year 2017.

US Foods, Inc. Key Developments

US Foods Unveils Summer Scoop 2017 Product Lineup

US Foods unveiled its Summer Scoop 2017 (Summer Scoop) product lineup entitled, 'It’s a Matter of Choice.' Designed to help restaurants meet the evolving demands of the discerning diner, Summer Scoop features 24 versatile products that cater to a variety of opposing tastes. Whether dining with family or a group of friends, the individual preferences of diners vary widely based on their ethics, lifestyle or personal approach. In fact, 44% of adults now say food restrictions, food allergies or avoidance of certain ingredients dictate what they eat. Summer Scoop offers versatile, on-trend products that are the recipe for bringing people together and helping independent operators succeed. Summer Scoop features a variety of meat and meatless options to help operators deliver on protein trends: Patuxent Farms Chick-Arrones 'a first-to-market appetizer or topper, this delicious protein dish is made from chicken thighs and chicken skin that is fried up to a crunchy perfection. Designed to soak up sauce, restaurants can use this product in a variety of menu options. Toss them in a Korean BBQ sauce over vegetable fried rice or in a buffalo wing sauce with a side of blue cheese for a cost-effective menu alternative to standard chicken wings. Molly’s Kitchen Meatless Breaded Boneless Wings 'according to Datassential TIPS, 40% of consumers are likely to try alternative proteins. Molly’s Kitchen meatless breaded boneless wings are 100% vegetarian and feature a meat-free protein that delivers the texture and flavor of real chicken. Molly’s Kitchen Meatless Crumbles 'versatile and true to flavors of traditional ground beef 'minus the meat ' this product provides a flavorful substitute for vegetarian diners.

US Foods and Avero Introduce New Solution for Managing Food Costs

US Foods and Avero introduced a new product that makes the challenging job of running a restaurant kitchen easier – Avero Food Cost Management (FCM). Avero FCM easily integrates with a restaurant’s point of sale system to give a seamless, digital look into food cost data and real-time inventory information. It also provides predictive sales forecasts and purchase quantity suggestions that tell restaurant operators exactly what they need to order, and when they need to order it. The US Foods and Avero partnership means that US Foods customers’ product lists and purchase trends are automatically loaded into Avero FCM based on historical purchases and invoices. All new US Foods orders can be placed quickly through Avero FCM, and customers’ inventory is automatically updated with the new purchases once they are received, saving operators hours each week. Additionally, the new product streamlines inventory counting and waste tracking. Avero Food Cost Management is an affordable solution that can benefit all US Foods customers.

US Foods, Inc. Announces Pricing of $600 Million Aggregate Principal Amount of 5.875% Senior Notes Due 2024

US Foods Holding Corp. announced that its direct, wholly-owned subsidiary, US Foods, Inc., has priced $600 million aggregate principal amount of 5.875% senior notes due 2024. US Foods intends to use the proceeds from the sale of the Notes, together with borrowings under a new senior secured term loan B facility (expected to be entered into concurrently with the issuance of the Notes) and proceeds from the initial public offering of US Foods Holding Corp., to repay its existing senior secured term loan B facility, to redeem its outstanding 8.50% senior notes due 2019, to repay its CMBS fixed facility and to pay related fees and expenses. Remaining proceeds, if any, may be used for other general corporate purposes. The Notes are being offered and sold in transactions exempt from registration under the Securities Act of 1933, as amended. The Notes and the guarantees will be offered only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act. The Notes and the guarantees have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 2, 2017
Riverside Food Distributors, LLC
Merger/Acquisition
March 14, 2017
US Foods, Inc., Facility
Bankruptcy
March 13, 2017
Passage Midland Meadows Operations, LLC
 

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