Food Services of America Acquires Yancey's Food Service
SCOTTSDALE, AZ (June 13, 2012)—Food Services of America (FSA) has acquired Yancey’s Food Service of Loveland, Colo., in a deal which provides the company with complete service coverage of the western U.S.
Food Services of America is part of the Services Group of America (SGA) family of companies, and the #7 distributor in the ID Report Top 50, serving a broad variety of foodservice customers throughout 15 western and mid-western states.
Yancey’s Food Service is the #37 distributor in the U.S. It adds new service areas for FSA in Colorado and Nebraska with increased coverage in Utah, Wyoming and New Mexico.
Corporate officials cited the similarities in the two companies’ structure and culture as attractive aspects of the purchase. Terms of the transaction were not disclosed.
According to Greg Yancey, Yancey’s President, the company will now start construction on a planned expansion to its distribution center to double its capacity – a project that is necessary because of Yancey’s double digit sales growth.Senior management and Yancey’s employees remain at the company’s Loveland distribution center.
“Customers receive the same great service from the Associates they know and trust,” said Minert. “They also gain access to national and exclusive FSA brands as well as FSA’s suite of tools and resources.”