According to reports, US Foods is set to acquire Cookeville’s IWC Food service.
The transaction is part of US Foods’ “tuck-in acquisition strategy” that looks to enable the company to “expand its reach into central Tennessee, where the company doesn’t currently have a distribution center.”
The amount of the purchase is undisclosed.
“We are excited to welcome the dedicated IWC Food Service associates to US Foods as we continue to strategically grow the US Foods footprint and help new and existing customers throughout the region Make It,” said Dave Flitman, CEO of Rosemont, Ill.-based US Foods, according to the reports. “With a heritage of putting innovation, quality and integrity at the forefront of their commitment to their customers, IWC Food Service has maintained a superior reputation throughout the central Tennessee region and we look forward to investing in the continued growth of the business after close.”
IWC is excited about the transaction.
“This is an exciting day for IWC Food Service, and we look forward to combining the strengths of our two companies at close to continue bringing our valued customers the service, solutions and tools they need to help them thrive and succeed,” said IWC President Bob Mackie, according to the reports. “We are honored to be joining US Foods and welcome their continued investment in IWC Food Service and the dedicated and inspired associates who successfully support our business each day. Our father, Jimmy W. Mackie, founder and CEO emeritus, started this company more than 60 years ago with the understanding that operating as a company comprised of people you can depend on would drive our continued success, and he is as proud as we are to reach this milestone.”
IWC, which has been in operation since 1957, has grown into a “large and complex corporation” with approximately 200 employees, 50 vehicles and a 60-county distribution area.
According to the report, IWC has more than $200 million in annual revenue and serves 2,700-plus independent restaurants. IWC will continue to operate in the 160,000-square-foot facility in Cookeville and service at Cookeville’s Cash-and-Carry store.
UCBJ Photo.
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