Read RFS CONCO Release Final Jan 5 2011 text version

REINHART FOODSERVICE TO ACQUIRE CONCO FOOD SERVICE ROSEMONT, IL, January 5, 2011 ­ Reyes Holdings, L.L.C. announced today that Reinhart FoodService, L.L.C. (RFS), a food distributor in its group of family-owned businesses, has signed an agreement to acquire Louisiana based CONCO Food Service, which has distribution centers in New Orleans, Shreveport and Lafayette, Louisiana. CONCO Food Service, the 12th largest independent foodservice company in the US, specializes in the distribution of quality food and food-related products to restaurants, hotels, hospitals, schools, nursing homes and casinos throughout Louisiana, Texas, Mississippi, Arkansas, Alabama and Oklahoma. John Roussel CEO of RFS, said, "We are thrilled to have CONCO become part of RFS and grow our business in the Gulf Coast and Texas. CONCO is a great business and a tremendous cultural fit for RFS." Jerry Kurzweg, CEO of CONCO, said, "Our customers and employees will be in good hands with the RFS team. Selling to another IMA, DMA and Markon member provides assured quality and consistency for our customers and selling to RFS ensures a great employer for the CONCO employees." "For years, we have been privileged to work with Jerry, Win and other CONCO leaders through our association with Markon, DMA and IMA. CONCO is well known for helping independent and chain restaurant operators succeed by providing them with quality products and valueadded service. We will proudly carry on their traditions with the highest level of customer service," said Mark Drazkowski, Chairman of RFS. The CONCO business will be operated by Reinhart FoodService Louisiana, L.L.C., a subsidiary of RFS, led by the existing CONCO management team reporting to Boyd Jordan, President of RFS. Jerry Kurzweg and Win Chadwick will be involved to assure the customers' and employees' needs are met with a smooth transition. This transaction is expected to be completed January 14, 2011. ###

Reyes Holdings distributes high quality food and beverage products throughout North, Central and South America. Reyes Holdings operates Reyes Beverage Group, the largest beer distribution business in the United States. It also owns The MartinBrower Company, L.L.C., a specialized quick-service restaurant distribution business that operates in seven countries, and Reinhart FoodService, L.L.C., the fifth largest privately-held broadline foodservice distributor in the United States. Forbes th magazine ranks Reyes Holdings as the 24 largest privately held company in the United States and Crain's Chicago Business marks it as the largest privately held company in the Chicago area. For more information about Reyes Holdings, visit the company website at www.reyesholdings.com.

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RFS CONCO Release Final Jan 5 2011

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RFS CONCO Release Final Jan 5 2011