Blog Network

jCarbonara
Joe Carbonara

Excellence in Experience

In addition to projecting slow but real growth for the foodservice industry in 2018, The NPD Group outlined a handful of attributes that will affect the way consumers use foodservice. Specifically, NPD predicts consumers will remain strapped for time, embrace digital ordering even more and strive to develop a closer relationship with their couches.

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jMartinez
Juan Martinez

Eye on Efficiency

If your new year’s resolution has fallen by the wayside not that the calendar has turned to February, never fear. It is always a good time to explore new experiences and new opportunities to make a difference in the foodservice industry.

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jStiegler
Jerry Stiegler

Restaurant Sales Flat in January, Sales Growth Among Largest Chains Slowed, and the Number of U.S. Restaurants Dipped

U.S. retail sales declined in January while restaurant sales were flat. Rising government price indexes raise fears of higher inflation and interest rates. Technomic reports sales growth among the 500 largest restaurant chains slowed for the second consecutive year. The number of restaurants in the U.S. declined last year. These stories and whole lot more This Week in Foodservice.

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Private-equity firm Lorraine Capital has acquired 100 percent of the stock in Buffalo Hotel Supply, an Amherst, N.Y.-based foodservice equipment and supplies dealership. Terms of the deal were not disclosed. 

“We are healthy and financially strong, so this was the best of all worlds for us,” said James Bedard, president of Buffalo Hotel Supply. “Our 76-year-old family business will partner with Lorraine Capital, whose majority shareholders include a venerable fourth-generation family business, the Gioia family. It is business as usual. They are keeping the name and looking to grow the company. The Lorraine partners have many contacts in the foodservice business and they plan to inject the necessary capital to keep growing BHS.”

All of Buffalo Hotel Supply’s employees, including the current management team, will remain with the company. In addition, James Bedard will continue in his role as president of Buffalo Hotel Supply and Ginger Bedard remains a vice president of the company, overseeing its Rochester, N.Y., operation. “One reason they bought the company was due to its brand and reputation. And they were very impressed with the employees and their longevity,” James Bedard said.

For its 2013 fiscal year, Buffalo Hotel Supply reported sales of $24.55 million, making it the nation’s 56th largest foodservice equipment and supplies dealer, according to FE&S’ 2014 Distribution Giants Study.

This deal marks Lorraine Capital’s initial foray into the foodservice industry, Bedard added.

DOY Gala Winners

2018 Dealer Of the Year Awards