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Unified Foodservice Purchasing Co-op (UFPC) and Partners to Acquire PrimeSource FoodService Equipment Business Segments

Louisville, Ky. — March 26, 2012

Daniel E. Woodside, President and Chief Executive Officer of Unified Foodservice Purchasing Co-op, LLC (UFPC) announced that UFPC Equipment Sales (a business division of UFPC) and its acquisition partners, UFPC Smallwares Connection and UFPC International Equipment Connection will acquire specific business segments of PrimeSource FoodService Equipment, Inc.

“We expect this transaction will enable UFPC and our acquisition partners to realize significant synergies and enhance our ability to provide exceptional equipment sales, value and service to our members,” said Woodside.  

UFPC Equipment Sales, UFPC Smallwares Connection (The Wasserstrom Company) and UFPC International Equipment Connection (Franke Resupply Systems, Inc.) are acquisition partners in the PrimeSource transaction and will each benefit with an expanded customer base in the domestic equipment, smallwares and international equipment and smallwares arenas, respectively.

Dale Holden, Senior Vice President, Equipment Sales said, “This acquisition will strengthen the equipment business infrastructure for the entire Yum! Brands system. There is great benefit from this move, not only to UFPC, Wasserstrom and Franke, but to our customers as well. We are committed to continuing the tradition of excellent customer service and value to all franchisees.”

Fritzi Woods, Chairman of the Board, PrimeSource Foodservice Equipment stated, “I am extremely proud of my period of ownership and grateful for the extraordinary logistics capabilities that the dedicated employees and management team have built. We are confident that the service model platform created by our team has been valuable to our customers.” 

Ursula Vermillion, Executive Vice President, The Wasserstrom Company said, “We believe this will bring added value to the restaurant system and enhance the Connection programs across all categories.” 

Bob Schiffgen, International Director, Franke Resupply Systems, Inc. said, “We believe the UFPC International Equipment Connection/Franke program will be greatly enhanced by this acquisition. We remain committed to delivering excellent service and value to the Yum! Restaurants International system.”

About UFPC

UFPC, headquartered in Louisville, Ky. has offices in Ft. Lauderdale, Fla., Irvine, Calif., Plano, Texas and Wichita, Kan. UFPC is the exclusive supply chain management organization for Yum! Brands, Inc. and its three restaurant systems — KFC, Pizza Hut and Taco Bell.  UFPC also manages the supply chain for A&W and Long John Silver’s restaurant systems through specific purchasing agreements.  

UFPC negotiates prices on food, packaging, non-food and equipment items as part of the exclusive, supply chain management services. With world-class buying expertise, supplier-relationship management and evolving strategic processes, UFPC negotiates pricing on over 2,000 food and packaging items and over 20,000 equipment items in support of multiple restaurant brands.

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