US Foods, one of the nation’s leading food distributors, announced it has agreed to acquire Hawkeye Foodservice Distribution Inc of Iowa City IA.
Founded in 1952, Hawkeye is one of the largest independently owned broadline foodservice distributors with sales in excess of $200 million. It serves more than 4,000 customers, including independent restaurants, healthcare facilities, and schools. The Hawkeye distribution center in Iowa City will serve as US Foods’ first distribution center in the state.
“Hawkeye is an outstanding company with a deep commitment to food and customer service,” said Keith Knight, central region president, US Foods. “Adding the Hawkeye business to US Foods will enable us to better serve our customers throughout Iowa and expand our presence in this region.”
Jeff Braverman, president of Hawkeye and the third generation to lead the company, will join US Foods as division president in Iowa.
“US Foods is committed to providing customers with top-notch service and innovative product offerings that will create new opportunities for Hawkeye customers,” said Braverman.
The transaction is expected to close in early August 2012. Terms of the transaction were not disclosed.
With more than $20 billion in annual revenue, US Foods is the 10th-largest private company in America. The company employs about 25,000 people in more than 60 locations nationwide. Headquartered in Rosemont IL, it is jointly owned by funds managed by Clayton, Dubilier & Rice Inc and Kohlberg Kravis Roberts & Co. Discover more at www.usfoods.com.
