Ahold Sells US Foodservice To KKR
In 2007, Ahold sells all US Foodservice assets to private equity firm KKR.
KKR operates US Foodservice as one its profolio companies with the most likely eventual plan to "cash out" US Foodservice by issuing shares on the New York Stock Exchange and paying off the acquisition debt.
Read more about this topic: S.E. Rykoff
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“There is a great deal of self-denial and manliness in poor and middle-class houses, in town and country, that has not got into literature, and never will, but that keeps the earth sweet; that saves on superfluities, and spends on essentials; that goes rusty, and educates the boy; that sells the horse, but builds the school; works early and late, takes two looms in the factory, three looms, six looms, but pays off the mortgage on the paternal farm, and then goes back cheerfully to work again.”
—Ralph Waldo Emerson (1803–1882)