JP Foodservice Inc.

From the April 28, 1997 Washington Post

	'96 (in $ 000s)	% Change From '95
Revenue	1,449,303	12.5
Net Income	16,913	293.6
Rank Last Year: 19

Description:
JP Foodservice distributes food and other products, including cleaning supplies, to restaurants, hotels, hospitals, nursing homes and prisons throughout the mid-Atlantic, Midwest and Northeast regions. The company's clients include Perkins Family Restaurants, Subway and Ruby Tuesday.

Business Resume: Contact Info -- 9830 Patuxent Woods Dr. Columbia, Md. 21046 410-312-7100 Main Business -- Food distributor Founded -- 1989 Chairperson -- James L. Miller (CEO) President -- James L. Miller Employees -- 3,500 D.C.-Area Employees -- 485

Developments:
JP Foodservice continued acquiring companies as part of its growth strategy during its fiscal year ended June 29. The company purchased Valley Industries Inc., allowing it to serve the rapidly growing Las Vegas market, and Arrow Paper Supply and Food Co. in Connecticut. JP Foodservice also spent $5 million to construct a 45,000-square-foot addition to its distribution center in Allentown, Pa.

The company completed the sale of a 22 percent stake held by Sara Lee Corp., of which JP Foodservice is a former subsidiary. The sale, part of a secondary offering, brought JP Foodservice $122.9 million. In February, Chicago-based Sara Lee and JP Foodservice ended talks aimed at merging the two companies' food distribution businesses.