Business Editors
MISSION VIEJO, Calif.--(BUSINESS WIRE)--May 16, 2000
Jordano's Provides foodbuy.com Distribution Services
to Santa Barbara, San Luis Obispo and Ventura Counties
Foodbuy.com (http://www.foodbuy.com), a leading e-services firm dedicated to all segments of the foodservice industry, today announced it has struck a distribution agreement with Jordano's Inc. (http://www.jordanos.com). The southern California company will service customers in the Tri-county area, including Santa Barbara, San Luis Obispo, and Ventura counties, and other areas of the region. The partnership program allows Jordano's to provide foodbuy.com's full breadth of offerings to a comprehensive customer base, including purchasing programs, database and consulting services, and technology - including soon-to-be-offered order entry - and networking solutions.
Currently, foodbuy.com is building relationships with distributors across the United States and has 240 ongoing agreements. Distribution services bring incremental value to shared customers, foster foodservice operator loyalty and provide more efficient drops and reduced order bidding time. Foodbuy.com selected Jordano's as a regional distributor to provide more flexible and extendable service to organizations in southern California that require Internet-enabled capabilities for negotiated rebates, rebate tracking, compliance auditing and consulting services.
Jordano's is privately-owned and operated by members of the Jordano family, and includes Jordano's Foodservice, Jordano's Marketplace, and Pacific Beverage Company. Jordano's, Inc., is 52 percent employee-owned and is a member of the Pocahontas Foods U.S.A. Buying Group. The company leads the region as the largest marketer and supplier of food, beverages, and culinary equipment, and manages an extensive inventory from leading manufacturers, and has served its customers since 1915.
"We have carefully monitored the explosion of the food dot-com industry, and have noted that most of the companies that serve this marketplace are strictly focused on the needs of end-users," said Jim Spencer, vice president and general manager of Jordano's Foodservice. "Foodbuy.com is the first and only e-services firm that works directly with all constituents in the foodservice supply chain, including manufacturers, distributors, brokers and foodservice operators. Its seasoned management team and partnership approach sets foodbuy.com apart from solution providers."
The foodservice industry is plagued with a supply chain that is cumbersome, fragmented and inefficient. Through proprietary technology, foodbuy.com has created back office solutions that streamline the data flow through the supply chain, allowing manufacturers, distributors and operators to realize significant savings. In addition, foodbuy.com has proven group-purchasing programs that leverage the buying power of more than 4,000 members, representing more than $870 million in annual purchases.
"Foodbuy.com's strategy is to partner with distributors who have close ties to their customers, and who are interested in strategically partnering with an e-commerce company that serves the foodservice industry," said Matt Maslowski, vice president of Strategic Affiliations, foodbuy.com. "Utilizing web-enabled programs will allow distributors such as Jordano's to expand its already strong relationships as they move business to a Web-enabled model."
Foodbuy.com currently offers solutions for purchasing services, distributor contracts, rebate management services and auditing. The company works with customers from various foodservice markets, including restaurants, hotels, schools, universities, prisons, military bases and healthcare institutions.
About Jordano's Inc.
Jordano's is the premier marketer and supplier of food, beverages and culinary equipment in the Santa Barbara, San Luis Obispo and Ventura County area. Established in 1915, the company is a closely held California Corporation owned by members of the founding Jordano family and the Employee Stock Ownership Trust. Located in Santa Barbara, Calif., Jordano's is an affiliate of the Pocahontas Foods U.S.A. Buying Group, and is comprised of three organizations. Jordano's Foodservice is the largest wholesale distributor of foodservice products in the Tri-county area. Jordano's Marketplace is a provider of the finest retail selection of gourmet foods, housewares, tabletop, kitchen and other home accessories. And Pacific Beverage Company sells approximately 7 million cases of beer, wine, waters and teas annually. For more information, visit the company's Web site at http://www.jordanos.com.
About foodbuy.com
Foodbuy.com, headquartered in Atlanta, Ga., is a leading provider of business-to-business e-commerce services for the $150-billion foodservice marketplace and has more than $870 million in aggregated purchasing power. They provide technology, purchasing, networking and consulting solutions for more than 4,000 operators, representing all segments of the foodservice industry. Programs offered today include group purchasing, rebate management and compliance auditing, along with customized consulting. Foodbuy.com is available 24 hours a day, 7 days a week through their Web site at http://www.foodbuy.com or through phone, fax or personal sales call. For more information, contact Ann Nickolas at (770) 998-0579, ext. 2117 or via e-mail at anickolas@foodbuy.com.
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