Acosta Subsidiary CORE Foodservice Expands its North American Market Leadership by Acquiring TTS Marketing.
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| Travis King, President of CORE Foodservice, North America. Image: CORE Foodservice. |
LOS ANGELES: Food business CORE Foodservice on Wednesday, January 05, 2023, acquired Quebec-based TTS Marketing & Sales, Ltd., eastern Canada's leading foodservice sales agent with footholds in Quebec, Ontario and Atlantic Canada.
CORE Foodservice is a part of the Acosta group of companies. It is the industry leader in North America and is strengthening its organization via this acquisition to better support current and future clients and customers across the continent.
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"We have had a strong presence in Canada and know it is a different marketplace. By bringing together our two culturally aligned organizations, we're establishing Canada's largest and most preeminent foodservice agency with deep relationships and understanding of the local markets," said Travis King, president of CORE Foodservice, North America. "Additionally, we are leveraging the systems, processes, and tools utilized by the broader CORE Foodservice team to provide our partners with consistent and best-in-class execution throughout North America."
With this acquisition, CORE now offers the same national profile and benefits in the $95 billion Canadian foodservice market as it does in the U.S., enabling CORE's clients to go to market more simply, efficiently, and consistently across Canada and all of North America. CORE's Canada division is fully inclusive of CORE's unique and winning vision and approach, as well as its best-in-class sales, marketing, and culinary resources across the North American foodservice marketplace.
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"We are exceptionally pleased to add TTS to our CORE Foodservice organization as Acosta continues to strategically invest in capabilities that will grow our clients' businesses," said Brian Wynne, CEO, Acosta. "CORE is better positioned than anyone to meet the unique needs of the Canadian market and is aligned with where the industry is headed for the leading manufacturers, brands, operators, and distributors across North America."
The teams for CORE Foodservice and TTS Marketing & Sales will remain in place as part of CORE's Canadian part.
"As TTS celebrates its 50th anniversary in 2023, it is exciting for our team to become part of this newly expanded and leading Canadian foodservice agency," said Jim Gray, president of TTS Marketing & Sales. "We are confident that joining CORE will enhance our shared vision of providing unmatched execution for our clients and customers. We plan to integrate our organizations quickly and seamlessly, creating the most robust agency selling team in the Canada's food industry."
Source: CORE Foodservice