Food Industry
Industry: Email Alert RSS FeedU.S. Foodservice to buy Lady Baltimore assets
Nation's Restaurant News, Sept 30, 2002
COLUMBIA, MD. - U.S. Foodservice, a subsidiary of Dutch retail giant Royal Ahold NV, agreed to acquire assets of Lady Baltimore Foods Inc., a foods wholesaler based in Kansas City, Kan. Terms of the deal were not disclosed. Lady Baltimore distributes about 14,000 food and kitchen items to foodservice businesses in Kansas, Missouri, Nebraska, Oklahoma, Illinois and Iowa.
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The company generated sales of about $180 million for its fiscal year ended in June 2001. Executives of Lady Baltimore, which employs about 400 people, said that job losses are expected from the sale.
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