Rosemont, Illinois-headquartered US Foods has announced that it will acquire Save On Seafood, a seafood processor and distributor in St. Petersburg, Florida, with annual sales of more than $80 million. The transaction, terms of which were not disclosed, is expected to close on October 28.
Save On Seafood specializes in providing frozen and fresh fishery products to restaurants and grocery stores across the southeastern United States. Its product line includes whole fish and fillets ranging from Arctic char and tuna steaks to mahi mahi and king salmon. Also offered are lobster, shrimp and other shellfish, in addition to specialty items that run the gamut from conch fritters and shrimp burgers to buttermilk hush puppies.
“Seafood sales continue to rise throughout the southeast, and with Save On Seafood we are able to expand fresh and frozen seafood offerings to our customers in these markets,” said David Norton, president, Stock Yards, US Foods. “With over 30 years in business, the team at Save On has built a reputation for exceptional customer service, consistency, standards of operations and safety. We are excited to work together to continue delivering the high quality seafood our customers want.”
US Foods will operate out of the Save On Seafood facility and expects to bring all 170 of its employees into its organization. This includes owner Gib Migliano, who will remain president of the operation.
About US Foods
US Foods is one of North America’s leading foodservice distributors, supplying a wide of branded products to approximately 250,000 chefs, restaurateurs and foodservice operators. With nearly 25,000 people on its payroll and more than 60 locations, the company’s annual sales amounted to $23 billion last year.
