Rykoff-Sexton Pursues Acquisitions
In 1996, under the leadership of Mark Van Stekelenburg, Rykoff-Sexton Inc. bought Continental Foods of Baltimore, MD, H&O Foods of Las Vegas, NV, and US Foodservice of Wilkes-Barre, PA . Rykoff-Sexton Inc. was now operating a national foodservice distribution division (d.b.a. "US Foodservice" with the businesses and assets of Sexton Foods, S.E. Rykoff & Co. and US Foodservice), a private label manufacturing division (Sexton Foods ), a foodservice contract and design division (Finegolds), and a foodservice equipment and supply division (S.E. Rykoff & Co.).
In 1997, Rykoff-Sexton (RYK) was generating $3.2 billion in annual sales and was in the process of re-branding all products to the US Foodservice brand by dropping the Rykoff-Sexton, S.E. Rykoff & Co. and John Sexton & Co. brands. It was determined that a standardized and easily recognizable brand would reflect a nationwide presence and distribution capabilities to better compete in the rapidly consolidating foodservice market. Ryoff-Sexton realized that it had to grow revenue and distribution presence or be squeezed out by Sysco the largest foodservice distributor in the United States with $14.45 billion in sales for fiscal 1997. During this time, the company headquarters were moved to Wilkes-Barre, PA from Lisle, IL.
Read more about this topic: S.E. Rykoff
Famous quotes containing the word pursues:
“A lover is never a completely self-reliant person viewing the world through his own eyes, but a hostage to a certain delusion. He becomes a perjurer, all his thoughts and emotions being directed with reference, not to an accurate and just appraisal of the real world but rather to the safety and exaltation of his loved one, and the madness with which he pursues her, transmogrifying his attention, blinds him like a victim.”
—Alexander Theroux (b. 1940)