Dutch retailer Ahold has sold its US Foodservice business to private equity groups Clayton, Dubilier & Rice and Kohlberg Kravis Roberts for $7.1bn (£3.5bn).
Ahold announced in November last year that it was selling US Foodservice as part of a strategic review. In 2006, it generated sales of $19.2bn (£9.6bn).
“We have focused on restructuring US Foodservice, strengthening its capabilities and restoring profitability,” said Anders Moberg, president and CEO of Ahold. “The agreement we have been able to reach with CD&R and KKR is the result of the hard work and dedication of everyone at US Foodservice.”
Ahold announced in November last year that it was selling US Foodservice as part of a strategic review. In 2006, it generated sales of $19.2bn (£9.6bn).
“We have focused on restructuring US Foodservice, strengthening its capabilities and restoring profitability,” said Anders Moberg, president and CEO of Ahold. “The agreement we have been able to reach with CD&R and KKR is the result of the hard work and dedication of everyone at US Foodservice.”
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