U.S. Foodservice Sold for $7.1 Bln.
Supermarket chain owner Royal Ahold will sell its U.S. Foodservice unit to two private-equity firms for $7.1 billion, the Washington Post reported Thursday.
The deal came six months after Netherlands-based Royal Ahold said it would sell U.S. Foodservice, which distributes food to hotels and restaurants, and focus on its flagging supermarket operations, which include Giant Food stores, the Post said.
The buyers are New York private-equity firms Clayton, Dubilier & Rice and Kohlberg Kravis Roberts, the paper reported.
The sale attracted significant interest from prospective buyers, the Post said. The deal, which must be approved by shareholders at a special meeting scheduled for June 19, is likely to in the second half of the year.
Ahold USA/U.S. Foodservice are jointly ranked No. 3 on the Transport Topics Private 100 listing of private U.S. and Canadian fleets. Combined, the two have about 6,000 tractors, 9,000 trailers and 600 straight trucks.
