Sysco Gears For Court Fight To Override FTC’s Block Of US Foods Merger
There has been no further word from Sysco Corp. or the Federal Trade Commission since the agency sued on Feb. 19 to block the Houston company’s proposed $3.5 billion acquisition of rival US Foods. The move sets the... »
Two Midwest Cities Ponder FOG Regulation
Municipalities around the country continue to deal with a very dirty issue that is bigger than just foodservice: how to reduce the amount of fats, oils and grease (FOG) entering city sewer systems.
City officials in Elkhart,... »
Gas Prices Continue To Rebound, But Consumer Confidence Remains High
As of Monday, March 2, average national gasoline prices had risen for 35 consecutive days, according to AAA’s Daily Fuel Gauge Report. Still, both the University of Michigan and The Conference Board report that consumer... »
USDA Expects Food Prices To Fall This Year; Wholesale Prices Fell Again In January
Wholesale food prices rose 5.5% last year—the fifth consecutive year of increases in the U.S.—but the U.S. Department of Agriculture is forecasting significant price drops for some key commodity categories in 2015. The forecasts... »
Gentry Joins Paramount Restaurant Supply
Richard Gentry has joined Paramount Restaurant Supply to further develop the East Providence, R.I., firm’s growing portfolio of regional and national accounts. He brings a wealth of experience in the foodservice industry,... »
Singer Elevates Two Veterans To New Posts
Singer Equipment Co. has promoted Andrew Beauchamp to the newly created position of sales manager. Beauchamp will be responsible for the growth and development of the supply sales division, including all street sales and the... »
Rapids Names Contract Sales Manager
Rapids Foodservice Contract & Design Co. has hired Steve Grosshans as a new contract sales manager in their St. Paul, Minn., office. Grosshans, who joined Rapids earlier this month, brings 27 years of experience with Superior... »
A Really Great NAFEM Show
Let me just state it plainly: The just concluded NAFEM Show in Anaheim rates with the best I’ve attended. And I’ve been going to NAFEM since 1981. The optimism on the show floor was palpable. Everyone was upbeat. The quality of... »
Panel Discussions To Lay Out Ideas At FEDA Convention
FEDA’s 2015 Convention kicks off a month from today at the JW Marriott Desert Ridge Resort & Spa in Phoenix. Among the many educational and networking opportunities at the March 25-29 event are two panel discussions.
Bipartisan Bill Would Set Lower Taxes For Restaurant Construction And Improvements
Both the House and Senate are considering bills that would permanently lower the taxes paid by restaurant operators. The legislation would create a 15-year tax-depreciation schedule for new restaurant construction as well as... »
A New Generation Takes The Reins At Curtis
The Wilbur Curtis Co., the family-owned maker of commercial coffee and tea brewing systems, has promoted two key executives. Kevin Curtis is the Montebello, Calif., firm’s new president and CEO; his brother, Michael Curtis, is... »
Middleby Acquires Deck Oven Maker, Marsal & Sons
Last month, Middleby Corp. acquired the assets of Marsal & Sons Inc., a Lindenhurst, N.Y., manufacturer of deck ovens. Founded in 1969, the company has annual revenues of approximately $5 million.
“Marsal has an outstanding... »
Electrolux Acquires Chinese Warewasher Manufacturer
Electrolux announced an agreement Feb. 5 to acquire Shanghai Veetsan Commercial Machinery Co. Ltd., one of the largest manufacturers of professional dishwashers in China.
The acquisition further strengthens Electrolux... »
FTC Holds Off Vote On Sysco/US Foods Deal
The Federal Trade Commission has blinked. Last Wednesday night, the regulator was close to voting to block Sysco Corp.’s $3.5 billion purchase of rival US Foods, but postponed the decision after an intense day of meetings with... »
Manitowoc Foodservice To Be Spun Off From Parent
Determining that its two divisions will be stronger as separate, autonomous companies, The Manitowoc Co. has announced it is splitting its Cranes and Foodservice businesses into two independent, publicly traded companies.
Rodriguez Joins Heritage As U.S. Service V.P.
Carlos “Charlie” Rodriguez, a veteran of the foodservice service industry, has been hired by Heritage Foodservice Group as v.p.-U.S. service operations. Rodriguez will oversee the Fort Wayne, Ind., firm’s service operations in... »
Minnesota Manufacturers Merge
Automated Equipment LLC, a Red Wing, Minn.-based maker of foodservice equipment such as automated French-fry makers and ice-cream-topping dispensers acquired neighboring Acrotech in January.
“We are very excited by the addition... »
James Walker, chief development officer at Johnny Rockets, has been promoted to president-operations and development at the Aliso Viejo, Calif., company. Walker, who joined the 330-unit chain in December 2013, will oversee... »
GFEN Honors Alto-Shaam
Alto-Shaam will receive the 2015 Gas Foodservice Equipment Network Blue Flame Product of the Year Award for its CT PROformance 7-20 Combitherm oven during this week’s The NAFEM Show in Anaheim, Calif.
The Menomonee Falls, Wis.,... »
TriMark Century Concepts And TriMark Strategic Consolidate
TriMark USA has consolidated two of its divisions, Atlanta-based TriMark Century Concepts and TriMark Strategic, into one newly combined unit.
The new entity, known as TriMark Strategic and based in Coppell, Texas, should enable... »
2014 Another Busy Year For E&S Deals
It was an active year again in 2014 as business life-cycle factors and a healthy E&S market kept the pace of merger and acquisition activity relatively high. As has been typical lately, The Middleby Corp. was particularly... »
Relatively Mild Winter Helping Restaurant Sales
If you live in the Northeast, it may not seem like this winter is milder than last year’s. But it is for much of the country and that is helping restaurant sales trend higher, according to Black Box Intelligence, as reported in... »
Sales Continued To Improve For Canadian Restaurants In The Fourth Quarter 2014
Nearly 80% of restaurant operators polled for Restaurants Canada’s Restaurant Outlook Survey reported increased or equal same-store sales in the fourth quarter of last year. The percentage reporting lower sales fell to only 23%,... »
Consumer Confidence Down, Gas Prices Up
The party had to end sometime. The run-up in consumer confidence took a pause during the first half of February, according to the preliminary reading from the University of Michigan’s Consumer Sentiment Index, released Feb. 13.... »
Ruby’s Diner Plans Big To Go Small
Ruby Restaurant Group is hoping to make a splash in the fast-casual market and add 20 franchises of its smaller “dinette-style” stores this year. The smaller units have half the footprint and half the startup costs of a standard... »
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