Share this article

print logo

TOPS MARKETS PARENT BUYS FIRM IN FLORIDA

AMSTERDAM (Bloomberg) -- Royal Ahold NV, the largest supermarket retailer on the U.S. east coast, said it bought Parkway Food Service to add more than 1,000 restaurants, schools and other clients in Florida.

Financial details weren't disclosed. Clearwater, Fla.- based Parkway has annual sales of about $85 million and operates primarily in the western part of the state, Ahold said.

"Parkway has a tremendous reputation for customer service and substantial opportunities for growth within the robust Florida market," Jim Miller, head of Ahold's U.S. Foodservice unit, said in a statement.

Ahold, which owns the Amherst-based Tops Markets chain, bought U.S. Foodservice last year for $3.6 billion and has added several related companies to expand in the food-distribution business, where sales are outpacing that of supermarkets.

There are no comments - be the first to comment