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November 6, 2018

Golden State Foods sells nine foodservice distribution centres in US

US-based foodservice distributor Golden State Foods (GSF) has sold nine of its 27 distribution centres in the country to foodservice wholesaler The Martin Brower.

US-based foodservice distributor Golden State Foods (GSF) has sold nine of its 27 distribution centres in the country to foodservice wholesaler The Martin Brower.

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The nine facilities currently service 3,900 McDonald’s restaurants and 365 Chipotle locations across the US.

GSF chairman and chief executive officer Mark Wetterau said: “We appreciate Martin Brower’s co-operation and collaboration in finalising this transaction.

“Completing the sale of these nine benchmark distribution centres to Martin Brower provides Golden State Foods the opportunity to support the McDonald’s system, its current strategy, and to reinvest in the future of our company, our associates, and all of our customers.

“GSF will also be looking to add new customers and companies to our successful portfolio.”

“This transaction will allow us to continue with and to invest in our diversification strategy and accelerate growth.”

Following the transaction, GSF will continue to manage the remaining 18 distribution centres in the US and the Middle East, as well as more than 25 food manufacturing facilities and farms globally.

Wetterau added: “As we continue to serve as a key supplier for McDonald’s in all our categories moving forward, GSF will also be looking to add new customers and companies to our successful portfolio.”

Golden State Foods currently serves as the food supplier to more than 50 foodservice companies offering meat, liquids, produce and selected distribution services across the US and globally.

Free Report
img

The critical role of sustainability for Foodservice success in the 2020s

Consumers have radically re-thought their priorities in recent years and changed their habits for the good of the planet, starting to hold companies accountable for their ESG activities. These changes are set to be significant hallmarks of the Consumer Landscape in the 2020s. In order to appease consumers’ new concerns, meeting these new sustainability imperatives will be crucial for the recovery of the Foodservice industry. Consumers are expected to use ESG criteria much more actively in their selection of Foodservice brands to engage with. Download GlobalData’s free report to:
  • Understand the range of ESG challenges currently facing the Foodservice sector
  • Gain insight into consumers’ expectations via consumer survey deep dives
  • Learn from foodservice operators and brands who are already successfully embracing ESG strategies
Stay ahead of consumer concerns and rise to meet them. Download the report now.
by GlobalData
Enter your details here to receive your free Report.

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