U.S. Foods To Acquire ‘SGA’s Food Group’ Through Cash Transaction

The U.S. Foods Holding Corp is a company for food distribution, whereby on Monday, July 30, 2018, it revealed that it is going to purchase “SGA’s Food Group of Cos” through a transaction of “$1.8 billion in cash”.

The SGA’s Food is made up of five “operating units”, namely Food Services of America Inc, Systems Services of America Inc, Amerifresh Inc, Ameristar Meats Inc and GAMPAC Express Inc”, as informed by Reuters.

Moreover, it is reported that deal will be bringing the “US Foods’ adjusted profit in the second year” once the expected transactions are final and closed altogether.

References:
reuters.com

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U.S. Foods To Acquire ‘SGA’s Food Group’ Through Cash Transaction

The purchase of SGA’s Food Group is expected to bring “adjusted profit” for U.S. Foods.