Sale of U.S. Foodservice Is Completed

Royal Ahold announced today that it has completed the $7.1 billion sale of its Columbia-based U.S. Foodservice unit to two New York-based private equity firms, Kohlberg Kravis Roberts and Clayton Dubilier & Rice See Ahold's statement.

Ahold, a Dutch grocery store operator and the owner of the Giant supermarket chain, bought U.S. Foodservice in 2000 for $3.6 billion. The division accounted last year for 47 percent of its U.S. operations and 34 percent of its total sales. In May, Ahold said it would sell U.S. Foodservice to focus on its supermarket operations.

By Mike Shepard  |  July 3, 2007; 5:09 PM ET  | Category:  AOL
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