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FTC hurdle cleared; USF/Alliant deal expected to close by Nov. 30

U.S. Foodservice (USF), Columbia, MD, a subsidiary of Netherlands-based Royal Ahold, has announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired without any action by the Federal Trade Commission, in regard to the acquisition of Alliant Foodservice, Deerfield, IL, by USF. The deal is expected to close on or before Nov. 30, earlier than anticipated.

The combined company, to operate under the U.S. Foodservice name, will have approximately $12 billion in annual sales. Total consideration for the purchase is $2.2 billion, including assumption of $750 million in debt. Ahold raised some $2.3 billion through a share issue to help finance both this acquisition and that of U.S.-based Bruno Supermarkets, announced at the same time.

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