000237 U.S. Foodservice Acquires Stock Yards PackingFebruary 19, 2000Columbia, MD - U.S. Foodservice announced that it had acquired Stock Yards Packing Co., Inc. located in Chicago, Illinois. Stock Yards, a custom meat cutter, serves predominantly the greater Chicago, Las Vegas and Atlantic City markets, although the Company has both restaurant and retail customers across the United States. The Company generated net sales of approximately $108 million for the fiscal year ended December 25, 1999, and is a Certified Angus Beef (TM) program distributor. Stock Yards is the eighth company with custom meat cutting operations that U.S. Foodservice has acquired in the past five years. Jim Miller, Chairman, President and Chief Executive Officer of U.S. Foodservice, stated, “The acquisition of Stock Yards is an exciting step in continuing our strategy of acquiring custom meat cutting operations. Due to its strong management and reputation for extraordinary quality and customer service, we believe Stock Yards to be the ideal platform from which to consolidate efficiencies and draw together the tremendous expertise within our 10 strategically located custom meat cutting operations. Also, Stock Yards' exceptional brand power and quality will be extremely attractive additions to our Next Day Gourmet(TM) website. We are delighted that Stock Yards, its management and employees, are joining our company.” Daniel Pollack, President of Stock Yards, stated, “We are excited to join forces with U.S. Foodservice. We look forward to helping create a cohesive group of custom meat cutting operations, as well as continuing to provide our existing customers the high level of quality and service they expect from us.”
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