Examples of Centennial FoodService in a sentence
With respect to Worldsource, it has been included in the Foodservice segment on the basis that it is substantially integrated, particularly with respect to the procurement of raw materials, with Centennial Foodservice.
The Foodservice segment includes the Company’s Centennial Foodservice, B&C Food Distributors, Harlan Fairbanks, Worldsource, E1even, Wescadia, Maximum Seafood, Ocean Miracle and Hub City Fisheries businesses.
Gross profit as a percentage of revenue (“gross profit margin”) for the quarter decreased to 28.1% from 34.3% in the second quarter of 2007 due primarily to the acquisition of Centennial Foodservice in July 2007 as Centennial has historically generated a gross profit margin of 16.5% to 17.0% versus an average of 30% to 33% for the Fund’s remaining businesses.
When it ran into financial difficulties in 2012 we worked with the management team at our Centennial Foodservice business to rescue the part of Harbour Marine’s business that they recognized as having significant growth potential, namely its sushi grade Albacore tuna operation.
With respect to Maximum Seafood and Hub City Fisheries, these businesses have been included in the Foodservice segment on the basis that (i) many of their customers are distributors who sell their products to foodservice customers; and (ii) these businesses are working closely with Centennial Foodservice and B&C Food Distributors in the implementation of the Company’s national seafood strategies.
As a result of the acquisition of Centennial Foodservice in 2007, the Fund has changed the composition of its reportable segments and the 2007 comparative balances have been restated to conform to the current quarter’s presentation.
With respect to Maximum Seafood and Hub City Fisheries, these businesses have been included in the Foodservice segment on the basis that (i) many of their customers are distributors who sell their products to foodservice customers; and (ii) these businesses work closely with Centennial Foodservice and B&C Food Distributors in the implementation of the Company’s national seafood strategies.
The Foodservice segment includes the Company’s Centennial Foodservice, B&C Food Distributors, Harlan Fairbanks, Worldsource, E1even, Wescadia (formerly South Seas), Maximum Seafood and Hub City Fisheries businesses.
Withrespect to Worldsource, it has been included in the Foodservice segment on the basis that it is substantially integrated, particularly with respect to the procurement of raw materials, with Centennial Foodservice.
The Premium Food Distribution segment consists of the Company’s differentiated distribution and wholesale businesses and includes: Harlan Fairbanks, Centennial Foodservice, B&C Food Distributors, Worldsource, E1even, Wescadia, C&C Packing, Premier Meats, Interprovincial Meat Sales, Maximum Seafood, Ocean Miracle and Diana’s Seafood.