meals service distributor American meals has agreed to accumulate IWC Meals Service, a broad line distributor primarily based in Cookeville, Tennessee, USA.
This aligns with US Meals' acquisition technique and can permit it to increase its presence into the Center Tennessee area, the place it doesn’t at present have a distribution heart.
With annual revenues of greater than $200 million, IWC Meals Service serves greater than 2,700 unbiased eating places (representing half of its enterprise) in addition to different prospects.
IWC Meals Service will proceed to function out of its 160,000 sq. foot facility and proceed to supply service at its native Money-and-Carry retailer.
Dave Flitman, CEO of US Meals, mentioned: “We’re excited to welcome the devoted IWC Meals Service associates to US Meals as we proceed to strategically develop US Meals' presence and help new and present prospects all through the area.” .
Bob Mackie, President of IWC Meals Service, commented: “We’re honored to affix US Meals and welcome their continued funding in IWC Meals Service and the devoted and impressed associates who efficiently help our enterprise on daily basis.”
The acquisition is predicted to shut within the second quarter of 2024, topic to regulatory approval. The finanacial phrases of the contract weren’t disclosed.