CHICAGO, IL (August 6, 2010)—Reyes Holdings announced that Valley Foodservice, based in Norfolk, Virginia, has joined Reinhart FoodService’s Supreme Foods to form RFS-Tidewater through the acquisition of certain assets of Valley Foodservice.
Valley Foodservice has been serving Southeastern Virginia, The Eastern Shore, and the Outer Banks of North Carolina for over seventy years. Reinhart FoodService is one of the largest and fastest growing foodservice distributors in the United States, carrying over 50,000 items, including: fresh poultry, seafood, dairy, produce, glassware, and china, utensils, coffee, juices and foodservice equipment.
Michael Teagle, President and CEO of Valley Foodservice, said, “The move to join Reinhart FoodService enables us to grow our business and expand our product line.”
Mark Drazkowski Chairman of Reinhart FoodService said, “We are fortunate to have the opportunity to partner with Mike Teagle and his highly skilled team of managers and the knowledgeable Valley Foodservice sales representatives.”
John Roussel, Chief Executive Officer, Reinhart FoodService said, “This is a tremendous synergistic opportunity to leverage our existing Virginia business and relationships with Valley Foodservice’s business. Together, we are focused on providing uninterrupted service in the marketplace while we work to expand both our service and product assortment for our mid-Atlantic customers.”
Valley Foodservice was represented in the transaction by Keiter Stephens Advisors, a Richmond based firm specializing in merger and acquisition and financial services to the foodservice distribution industry.