US Foods to go public
Months after a merger with rival Sysco Corporation, US Foods Holding Corp.—the nation’s second largest food service distributor—has filed a registration statement to go public.
The company, owned by private equity firms Clayton, Dubilier & Rice Inc. and Kohlberg Kravis Roberts & Company, plans an approximately $100 million initial public offering.
Headquartered in Rosemont, IL, US Foods, Inc. is a large foodservice distributor serving chefs and foodservice operators across the country. Its customers include independent and multi-unit restaurants, healthcare and hospitality entities, government and educational institutions. The company employs approximately 25,000 people in more than 60 locations nationwide.
The company planned a merger with Sysco last year, though Sysco pulled out of the agreement after a judge granted the Federal Trade Commission’s request to block the merger which charged the proposed union violated antitrust laws by significantly reducing competition nationwide.