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Other M&A: US Foods To Buy Smart Foodservice, Multi-Concept Operator Parasole Agree To Sale

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Written by The Ashton Report
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US Foods, the giant broadline distributor based in Rosemont, Ill., announced March 6 that it has signed a definite agreement to purchase cash-and-carry specialist Smart Foodservice Warehouse Stores from funds controlled by Apollo Global Management for $970 million in cash. Smart operates 70 cash-and-carry broadline warehouse stores in California, Oregon, Idaho, Nevada, Utah, and Montana….

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The Ashton Report