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May 2, 2007

Ahold to Sell U.S. Foodservice for $7.1B

Ahold has agreed to sell U.S. Foodservice to a consortium of Clayton, Dubilier & Rice and Kohlberg Kravis Roberts & Co for $7.1 billion.
 
Anders Moberg, Ahold president & CEO, said: “I am extremely pleased to be able to announce that we have reached this important milestone for U.S. Foodservice, for Ahold and for our shareholders. We have focused on restructuring U.S. Foodservice, strengthening its capabilities and restoring profitability."
 
U.S. Foodservice had 2006 net sales of $19.2 billion. It is a full-service foodservice distributor, which distributes food and related products across the U.S. to more than 250,000 foodservice customers, including restaurants, hospitals, hotels, schools, the government and other establishments where food is prepared away from home.

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