Ahold Acquires Another Foodservice Distributor
By George Anderson
U.S. Foodservice, a wholly-owned subsidiary of Ahold, announced that is is acquiring Lady Baltimore Foods, a foodservice distributor based in Kansas City, KS. The transaction is expected to be completed in the third quarter 2002.
Moderator’s Comment: What are the pros and cons of
Ahold’s total food distribution strategy with supermarkets, c-stores, foodservice
and e-commerce ventures? Is the company positioned to grow organically or must
it depend on acquisitions? [George
Anderson – Moderator]
There is an interesting article in today’s Wall
Street Journal – Ahold
CEO Battles Slowdown In Sales and Investors’ Doubts. Written by staff
reporter, Deborah Ball, it looks at Ahold’s corporate performance and its disappointing
stock price.
