ROSEMONT, IL - US Foods Holding Corp. is looking to restructure on a corporate level at its headquarters.
“This is a continuation of work we did before our IPO… and something we believe will further support our long-term growth,” a US Foods spokeswoman said, according to the Wall Street Journal.
The purpose of the restructuring, according to the news source, is to trim costs. Earlier this year the foodservice distributor hired a “Vice President of continuing improvement” to make its distribution facilities leaner and more efficient. Additional moves could include cutting back hundreds of jobs, with WSJ having reported that US Foods told employees Thursday that it plans to cut jobs in corporate roles like accounting, IT services, and human relations over the next 12 to 18 months.
Currently, US Foods employs upwards of 25,000 people across the U.S., operates 62 distribution centers, and reports about $23 billion in sales annually.
This is the latest in a series of strategic moves from the distributor, who recently acquired New York-based Italian specialty distributor Jeraci Foods to bolster its portfolio and in May acquired fresh fruit and vegetable processor, repacker, and distributor Freshway Foods. It also holds the title for one of the largest IPOs of the year, $1.02 billion, at the beginning of last summer.
AndNowUKnow will continue to report on this and other moves in foodservice strategy as details emerge.
