Financing

Parent of distributors Stanz and Troyer lays the groundwork for more acquisitions

The company is recasting itself as a holding company for Midwestern haulers, a move that should also facilitate the adoption of new technology.
The new company intends to consider other acquisitions. | Photo: Shutterstock

The parent of Midwest distributors Stanz Foodservice and Troyer Foods is recasting itself as a holding company called Raydia Food Group in anticipation of further acquisitions, the operation said Tuesday.

In addition, the rebranding will facilitate the adoption of new technology and equipment and expansion into new geographic markets, according to the company, which is currently known as Stanz-Troyer.

“The creation of Raydia Food Group is a strategic decision designed to fast track growth for our employees, investors, and customers,” Moe Alkemade, Stanz-Troyer’s CEO, said in the announcement of the rebranding. Most importantly, this cohesive platform enables other local food distribution companies that wish to join the Raydia family to retain their individual culture and heritage."

Alkemade, a former high-level executive of Raymundos Food Group and Treehouse Foods, will serve as CEO of the new corporation.

Stanz-Troyer was formed through the combination of two distributors whose operations are concentrated in Indiana. The privately held company said it generates $500 in annual sales from a variety of foodservice clients, including restaurants, school cafeterias, convenience stores, government facilities and supermarkets.

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