American Foodservice Corporation history

They grew the operation from about 35 to 40 head per day to about 150 head per day by January of 1975.

In 1980, Schanno passed away and Miller then assumed full control of the American Foods Group.

By 1982, the foodservice distribution was a $69 billion industry.

S.E. Rykoff bought Sexton & Co. in 1983, in what was then the largest acquisition in the industry.

Meanwhile, in Greenville, South Carolina, number two PYA/Monarch bought Fleming Foodservice of Austin, Texas, raising its 1984 sales volume to an estimated $1.3 billion.

After practicing law for about 20 years, Kuehne bought American Foods in Green Bay in 1985.

By 1986, Americans were spending one-third of every food dollar outside the supermarket, and the foodservice distribution had grown to a $78 billion industry.

In June 1989, members of PYA/Monarch management incorporated a new entity, JPF Holdings, Inc.

JP Foodservice Distributors passed the $1 billion mark in its first year, with sales for fiscal 1990 of $1.02 billion.

Supper: Baked Beans, Stewed Prunes and Rye Bread, Tea with Milk and Sugar, Crackers and Milk for Women and Children." ---Ellis Island Immigrant Cook Book, Tom Bernadin [New York] 1991 (p.

In November 1994, five years after it was created, the company adopted the name JP Foodservice, Inc. and went public in November, listed on the NASDAQ under the symbol JPFS. Sara Lee Corporation now held 37 percent of JP common stock.

JP's business, which for fiscal 1995 reached $1.12 billion, was about 55 percent independent (hospital cafeterias, family-owned restaurants) and 45 percent chains.

Yet the two companies failed to reach agreement on several factors, including valuation (JP's stock price had gone up in expectation of the merger), structure, and dilution of earnings to existing shareholders, and the deal fell through in February 1996.

Then, in December 1997, the company jumped into second place among foodservice distributors with the purchase of rival Rykoff-Sexton Inc. for $1.4 billion.

In the $141 billion industry, according to a July 1998 article in Baltimore Business Journal, the top 50 companies accounted for only 28 percent of sales, and most of those sales, 23.7 percent, were by the ten biggest companies.

The company also launched the Ackerman & Cooke catalog division in 1999, which offers premium meat products via direct mail and the Internet.

They were also deliberately inefficient, leaving plenty of rice to seed the beds for the following year." ---"Ojibwa," Gale Encyclopedia of Multicultural America, Robert Von Dassanowsky contributing editor, Jeffrey Lehman volume editor, Volume 2, end edition [Gale Group:Detroit] 2000 (p.

In May of 2001, Kuehne was recognized for his 15 years of business leadership and community-based projects.

Case-ready ground beef is expected to account for at least 50 percent of all fresh ground beef sales by 2003.

The waiting period cost US Foods, as net sales fell to a compound annual growth rate of 1.7% between 2013 and the 12 months ended Sept.

In the prospectus, US Foods said it had net sales of $23 billion for the full fiscal year of 2014, the last full year for which data is available.