U.S. Foodservice Sold

(05-05-2007)

May 2, 2007

North Star Foodservice’s parent company, U.S. Foodservice, announced today that it had reached an agreement with Clayton, Dubilier & Rice, Inc. and Kohlberg Kravis Roberts & Co to purchase U.S. Foodservice.

CD &R is a leading private equity investment firm that uses an integrated operational and financial approach to build and grow portfolio businesses. KKR is one of the world’s oldest and most experienced private equity firms specializing in management buyouts.

CD&R and KKR indicated that its decision to acquire U.S. Foodservice was based on our track record of excellent service to customers, our strong industry positioning, and our vision for the future. We believe this decision is a testament to our transformed internal culture – best represented by our commitment to integrity in everything we do. It also reflects the success of our customer-focused business strategy that has driven our efforts these past few years.

We believe the sale will have a positive effect on national account customers. It will allow us to continue to strengthen customer service and invest in new products and services.

Thank you for your business and loyalty. We will keep you informed as more information becomes available.

Ahold (ADR)

 

 

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