Ahold completes sale of U.S. Foodservice

NEW YORK, NY Ahold has completed the sale of its U.S. Foodservice business to Kohlberg Kravis Roberts & Co. and Clayton, Dubilier & Rice Inc., the two investors announced today. The transaction was valued at $7.1 billion.

"We look forward to working with U.S. Foodservice's strong management team to continue to drive operating performance improvements," said Charles Banks, chairman of the board of directors of U.S. Foodservice and a CD&R operating partner. "The company's leadership position in the highly fragmented foodservice industry provides attractive organic and acquisition- related growth opportunities."