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.