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Gordon Food Service Announces Agreement to Acquire Red Diamond Foodservice, a Division of Red Diamond, Inc.

Corporate

Gordon Food Service today announced that it has entered into an agreement to acquire Red Diamond Foodservice, a division of Red Diamond, Inc., headquartered in Birmingham, Alabama. The transaction is expected to close in the next 90 days. Following the acquisition, Red Diamond’s broadline foodservice customers will be serviced from Gordon Food Service's distribution center in Douglasville, Georgia.

Red Diamond Coffee and Tea will continue to be owned by Red Diamond, Inc., providing quality coffee and teas across North America and the Caribbean. President and CEO Bill Bowron said, "For a number of years, as Red Diamond has grown its business, we have found our company increasingly competing in foodservice with the very distributors to whom we sell our coffee and tea products. The sale of the foodservice distribution allows us to concentrate on the continuing expansion of Red Diamond’s coffee and tea business across North America and the Caribbean." Bowron added, "Gordon Food Service is strategically the best possible fit for our foodservice customers and employees."

"Gordon Food Service has become North America's largest privately held foodservice distributor by offering a comprehensive array of products and services backed by state-of-the-art operations and outstanding people", said Rich Wolowski, CEO of Gordon Food Service. He added, "These are exciting times for us as we expand our business in the southeast region. We expect a seamless transition as both family-held companies have a similar approach to operations and serving our customers."

About Red Diamond Coffee and Tea

Red Diamond, a 111-year old privately held, five generation family operated company founded and headquartered in Alabama, produces and sells a broad spectrum of quality coffee and tea products across North America and the Caribbean. Red Diamond services all channels including retail, convenience, healthcare, education, institutional and wholesale markets. To learn more about Red Diamond, visit reddiamond.com.

About Gordon Food Service

Since 1897, we have delivered uncompromising quality and heartfelt service to our customers. Beginning as a simple butter-and-egg delivery service, we have grown to become the largest family business in the foodservice industry by upholding the same approach for more than 115 years—remaining passionately committed to the people we serve. Today, we serve foodservice operators in the Midwest, Northeast, Southeast, and Southwest regions of the United States and coast-to-coast in Canada. We also operate more than 170 Gordon Food Service Store and Gordon Restaurant Market store locations in the U.S. By partnering with organizations from across industries—healthcare to education, independent and chain restaurants, and event planners—we help our customers create food experiences that people choose, enjoy and remember.