US Foods announces purchase of Illinois-based meat supplier New City Packing; terms of acquisition not disclosed

ROSEMONT, Illinois , June 1, 2012 (press release) – US Foods, one of the country’s most innovative food companies and leading distributors, today announced the purchase of New City Packing Company, a supplier of high-quality steaks and fresh-cut portion meats to restaurants and customers across the country.

Founded in 1884, New City Packing Company serves more than 400 customers and operates a 60,000 square foot distribution warehouse and meat cutting facility in Aurora, Ill. To more efficiently serve customers, this larger, more modern facility will become the new site of US Foods’ Stock Yards Chicago. The current Stock Yards Chicago location will remain open into September 2012.

“Stock Yards has provided the highest quality steaks and chops to America’s top restaurants for nearly 120 years,” said David Norton, executive vice president, Stock Yards. “The addition of the New City Packing Company business and meat cutting operation will expand our customer base and greatly increase efficiencies.”

David Aardema, president of New City Packing Company, will be joining Stock Yard Chicago as General Manager. “I look forward to joining the Stock Yards Chicago team to help ensure a smooth transition for New City customers,” Aardema said.

Aardema added that New City customers will now have access to a broader array of products and services than ever before through US Foods.

The Stock Yards Chicago location is one of 13 Stock Yards facilities operating across the country.

Terms of the acquisition were not disclosed.

About US Foods

With more than $20 billion in annual revenue, US Foods is the 10th largest private company in America, and one of the country's most innovative food companies and leading distributors. Many of the entities that make up US Foods were founded in the 19th century, including one that sold provisions to travelers heading west during the 1850s gold rush. US Foods offers more than 350,000 national brand products and its own high-quality “exclusive brand” items, ranging from fresh meats and produce to prepared and frozen foods. The company proudly employs approximately 25,000 people in more than 60 locations nationwide, and provides the finest quality food and related products to more than 250,000 customers, including independent and multi-unit restaurants, healthcare and hospitality entities, government and educational institutions. The company is headquartered in Rosemont, Ill., and jointly owned by funds managed by Clayton, Dubilier & Rice Inc. and Kohlberg Kravis Roberts & Co. Discover more at www.usfoods.com.

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