Raydia acquires Terre Haute food distributor
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South Bend-based Raydia Food Group has acquired Terre Haute-based B&B Foods Distributors Inc., the companies announced Friday.
Raydia, formerly known as Stanz-Troyer Holdings LLC, said the acquisition strengthens its presence near the border of Illinois and southwest of Indianapolis.
B&B Foods is a family-owned full-line food distributor, restaurant equipment supplier and wholesale grocery store. Financial terms of the deal are not being disclosed.
“Our acquisition of B&B Foods is a perfect example of how Raydia Food Group plans to preserve the legacy and long-standing brand equity of the companies we acquire,” Raydia Food Group CEO Moe Alkemade said in a news release. “The goal of our platform is to invest in and help fuel growth for other local food distribution companies that join the Raydia family while enabling them to retain their individual culture and heritage.”
B&B Foods has $33 million in sales and 60 employees. Owner Scott Isles will continue with the company, serving as B&B president.
“My family and our B&B Foods managers and employees could not be happier to join the Raydia Food Group platform,” Isles said in the release. “We’ve seen how Raydia is dedicated to preserving our family’s legacy, while providing us with unprecedented opportunities for growth in the food distribution, school nutrition, convenience store and restaurant markets.”
Earlier this month, Stanz-Troyer announced it was rebranding to Raydia Food Group. The holding company was created following the 2022 merger of Stanz Foodservice and Goshen-based Troyer Foods.