Jamba and US Foods Announce Northeast Distribution Alliance
Alliance Expected to Provide Increased Service Capabilities
EMERYVILLE, Calif.--(BUSINESS WIRE)--Dec. 15, 2011-- Jamba, Inc. (NASDAQ:JMBA) and US Foods, one of America’s most innovative food companies and distributors, today announced they have formed a supply chain distribution alliance for service in the northeastern United States. The alliance will provide Jamba with greater supply chain efficiencies, consolidate distribution channels, enhance service to existing Jamba outlets and enable expansion into new geographic areas.
“Jamba continues to work on ways to simplify and align our distribution to best support future traditional and non-traditional growth and to strive for ongoing service enhancements through access to value-added resources and technology, while finding effective mechanisms to manageexpenses,” stated Greg Schwartz, senior vice president, Supply Chain, Jamba Juice Company. “This alliance with US Foods will help us to reduce costs and improve our overall service while focusing on continuous quality improvement.”
US Foods operates one of the largest private trucking fleets in the country and offers more than 350,000 national brand products and its own high-quality “exclusive brand” items, ranging from fresh meats and produce to prepared and frozen foods.
“US Foods is proud to serve its restaurants in the Northeast,” said Tom Kimball, vice president of National Accounts, US Foods. “We are dedicated to providing Jamba with high-quality products and superior customer service to help them succeed.”
About Jamba, Inc.
Jamba, Inc. is a holding company which owns and franchises, on a global basis, Jamba Juice stores through its wholly-owned subsidiary, Jamba Juice Company. Jamba Juice Company is a leading restaurant retailer of better-for-you beverage and food offerings, which include great tasting fruit smoothies, fresh juices and teas, hot oatmeal made with organic steel cut oats, fruit and veggie smoothies, Whirl’ns™ Frozen Yogurt, breakfast wraps, salads, sandwiches, California Flatbreads™, and a variety of baked goods and snacks. As of October 4, 2011, there were 752 locations in the United States consisting of 310 Company-owned and operated stores and 442 franchise-operated stores. In addition, at October 4, 2011 there were 10 international stores.
About US Foods
With nearly $19 billion in annual revenue, US Foods is the 10th largest private company in America, and a leading foodservice distributor. Many of the entities that make up US Foods were founded in the 19th century, including one that sold provisions to travelers heading west during the 1850s gold rush. The company had used the name U.S. Foodservice since 1993. US Foods offers more than 350,000 national brand products and its own high-quality “exclusive brand” items, ranging from fresh meats and produce to prepared and frozen foods. The company proudly employs approximately 25,000 people in more than 60 locations nationwide, and provides the finest quality food and related products to more than 250,000 customers, including independent and multi-unit restaurants, healthcare and hospitality entities, government and educational institutions. The company is headquartered in Rosemont, Ill., and jointly owned by funds managed by Clayton, Dubilier & Rice Inc. and Kohlberg Kravis Roberts & Co. Discover more at www.usfoods.com.
This press release (including information incorporated or deemed incorporated by reference herein) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those involving future events and future results that are based on current expectations, estimates, forecasts, and projections as well as the current beliefs and assumptions of the Company’s management. Words such as “outlook”, “believes”, “expects”, “appears”, “may”, “will”, “should”, “anticipates”, or the negative thereof or comparable terminology, are intended to identify such forward looking statements. Any statement that is not a historical fact, including estimates, projections, future trends and the outcome of events that have not yet occurred, is a forward-looking statement. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. Therefore actual results may differ materially and adversely from those expressed in any forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to factors discussed under the section entitled “Risk Factors” in the Company’s reports filed with the SEC. Many of such factors relate to events and circumstances that are beyond the Company’s control. You should not place undue reliance on forward-looking statements. The Company does not assume any obligation to update the information contained in this press release.
Source: Jamba, Inc.
Jamba Juice Company
Don Duffy, 203-682-8200
Janice Duis, 510-596-0286
Lisa Lecas, Manager