ROSEMONT, ILL. — US Foods Holdings Corp. expects to close its acquisition of SGA’s Food Group companies in the next few days. The Federal Trade Commission approved the $1.8 billion sale, which includes the operating companies Food Services of America Inc., Systems Services of America Inc., Amerifresh Inc., Ameristar Meat Inc. and Gampac Express Inc.
As a condition to receiving regulatory clearance, US Foods will divest three Food Services of America distribution facilities located in Washington, Idaho and North Dakota. Divestiture proceeds of approximately $90 million will be used to pay off debts, according to the company. Definitive agreements have been entered into with each of the respective buyers, and the company expects to close those transactions within 30 days of acquiring SGA Food Group.
“We are excited to finalize this transaction and enhance our overall scale and footprint in the attractive Northwest and West regions,” said Pietro Satriana, chairman and chief executive officer at US Foods. “Both companies share a strong commitment to innovation and customer service, which will enable us to bring US Foods’ industry leading product innovation and technology to SGA Food Group customers as well as to share SGA Food Group’s unique center of plate, produce and logistics capabilities with US Foods customers.”
US Foods is one the largest food companies in the United States, partnering with more than 250,000 restaurants and food service operators. It generated more than $24 billion in revenue last year.