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February 16, 2015
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%, the lowest percentage since the survey began in 2011. But operators are less optimistic about sales trends during the next six…
February 16, 2015
Chain Appointments:
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 development strategy, including construction, design and real estate, as well as domestic and international operations. Prior to joining Johnny Rockets, Walker was chief development…
February 10, 2015
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 Professional Products’ position in China and across the Asia Pacific region, where the company sees potential for significant growth in the next few years. “Professional dishwashing…
February 10, 2015
Sysco/US Foods Acquisition Remains A Question Mark
Despite moves to create a more even playing field, Sysco Corp.’s planned acquisition of US Foods has hit an impasse. The country’s largest foodservice distributor says its year-long negotiations with antitrust regulators over the acquisition have come to a standstill despite Sysco’s just-proposed agreement to create competition for itself by selling rival broadliner Performance Food…
February 10, 2015
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 the company to gain a stronger footprint in the southeastern United States. While continuing to serve local and national customers, TriMark…
February 10, 2015
The Year In Mergers & Sales
We’ve been so busy with getting ready for The NAFEM Show and our biennial FER Industry Excellence Awards program that we haven’t had a chance to do our annual round-up of the year in mergers and sales. It was an active year again in 2014 as business life-cycle factors and a healthy E&S market kept…
February 10, 2015
Server Wins Customer-Service Award
The customer-service team at Server Products won kudos last month, helping the Richfield, Wis., company win the Extreme Customer Service award at the Diversified Foodservice Supply Summit. “Meeting Diversified’s standard for extreme customer service is a great honor,” said Jim Drake, Server’s director-sales and marketing. “Server would not have won this award without the daily…
February 10, 2015
Time To Reserve A Spot For FEDA Convention
The Foodservice Equipment Distributors Association is encouraging its members and industry colleagues to make convention hotel-room reservations and convention registrations before the Feb. 13 deadline. Reservations for the J.W. Marriott Desert Ridge Resort & Spa in Phoenix can be made by phone at 800/835-6206 or online here. Registration forms for the March 25-29 Annual Convention…
February 10, 2015
Familiar Faces Open New Rep Firm
PB&J is not just a sandwich, it’s the moniker for a newly formed independent manufacturers’ rep firm. A couple of industry veterans have combined forces as principals in PB&J Commercial Agents: PJ Lamb, formerly of Fountain Products, and Carl Boutilier, most recently of HGA. The firm, based in suburban Chicago, will serve MAFSI Region 17…
February 10, 2015
Stiefel Distributing Expands Into Ventilation
Stiefel Associates, the 30-year-old Lansing, Mich.-based manufacturers’ rep firm, has expanded into the ventilation business with its purchase of Vent Tech. The acquisition, announced Jan.1, was made under a newly formed sister company, Stiefel Distributing. Vent Tech is a Roseville, Mich., manufacturers’ rep/distributor of foodservice ventilation equipment in Michigan and Indiana. Founder Jim Nichols and…
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