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Suisan Co. Ltd. has appointed Steve Ueda as president and CEO. Ueda—grandson of Suisan’s former longtime president, CEO and chairman Rex Matsuno—becomes the company’s eighth president since its founding in 1907. He replaces Glenn Hashimoto, who will continue to serve as an...
US Foods Holding Corp. has named Andrew Iacobucci as chief merchandising officer, succeeding Steve Guberman. Iacobucci will oversee category management, procurement, product innovation and food safety, as well as marketing efforts on behalf of the company. Iacobucci most recently served as...
Martin Bros. Distributing Co. Inc. co-founder Glen Martin passed away Dec. 22 at the age of 97. His brother and co-founder of the company, Roy C. Martin, passed away in 2003. Roy Martin launched the business as a paper goods company for restaurants called Martin Paper Co. in 1940 with the help of a...
Nicholas and Co. has acquired C&M Food Distributing Inc. Terms of the deal were not disclosed. Reno, Nev.-based C&M Food Distributing is a distributor of dry goods, paper products and gourmet items to the restaurant and institutional food trade in northern Nevada. The company was founded in...
Legacy Foodservice Alliance added Lee & Giant and JC Food System Inc., as well as and Fisher Foods Inc. (doing business as Mazzone Foods), to its organization of more than 170 distributors and more than 600 supplier members. Bronx, N.Y.-based Lee & Giant and JC Food System Inc. distribute...
Baldor Specialty Foods announced that it is the first U.S. wholesaler to completely eliminate food waste from its production facility. The company reports that it has successfully diverted 100% of the organic waste generated in its Fresh Cuts operation from landfills. The move aligns with Baldor...
Quaker Valley Foods Inc. has acquired Moyer-Mitchell Co. for an undisclosed sum. The deal closed in late November. Quaker Valley and MMC are both family-owned businesses located within 25 miles of each other and share the same sales territory.
Performance Food Group Co. has acquired T.F. Kinnealey & Co. for an undisclosed sum. The deal closed in mid-October. Founded in 1939, Brockton, Mass.-based T.F. Kinnealey is a meat processor and distributor servicing restaurants, country clubs, hotels, colleges and hospitals in the New England...
Performance Food Group Co. released its first-quarter earnings report for fiscal 2017. For the quarter ended Oct. 1, the company reported net income of $12.2 million, flat compared to the same quarter a year ago. Gross profit climbed 6.3% to $561.3 million from the year-ago period, while operating...
The Chefs’ Warehouse Inc. released its earnings report for the third quarter of 2016. For the period ended Sept. 23, the company reported net income of $1.3 million, down from $5.2 million in the same period last year. Gross profit climbed 5.7% to $74.4 million from the year-ago period, while...
US Foods Holding Corp. released its earnings report for the third quarter of 2016. For the period ended Oct. 1, the company reported net income of $133 million, up from $5 million in the comparable period last year. Gross profit climbed 2.0% to $1 billion, compared to last year’s results,...