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Ahold Successfully Completes Acquisition of Alliant Foodservice.


Business Editors

ZAANDAM, Netherlands--(BUSINESS WIRE)--Nov. 30, 2001

Ahold, the leading food retail and foodservice company, today announced the successful completion of its acquisition of Alliant Exchange, Inc., the parent company of Alliant Foodservice, Inc., a prominent operator in the foodservice market of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. .

Ahold is already owner of U.S. Foodservice U.S. Foodservice is one of the largest broadline foodservice distributor in the United States. The company distributes food and related products to over 250,000 customers, including restaurants, healthcare facilities, lodging establishments, cafeterias, schools and colleges. U.S. , the 2nd largest food service company in the United States with annual sales of approximately USD USD

In currencies, this is the abbreviation for the U.S. Dollar.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
 12 billion. Together with Alliant, Ahold's foodservice operations in the United States now generate total sales of approximately USD 19 billion.

Jim Miller Jim Miller may refer to any of the following individuals:
  • Jim Miller (athletic director), University of Richmond athletic director
  • Jim Miller (Australian rules footballer), former VFL player
, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of U.S. Foodservice and Member of Ahold's Executive Board said that the closing of the transaction means, "we will be able to incorporate Alliant's December results in our 2001 consolidated numbers and benefit from Alliant's contributions for full-year 2002. The synergies and cost savings are considerable and range from approximately USD 70 million to USD 120 million in the 3rd year of operation. We are implementing plans immediately to streamline both operations in such a way that maximum efficiency will be achieved in both distribution and customer services. The U.S. Foodservice and Alliant accounts will benefit from additional services available to them in more locations as both companies excel in complementary fields of expertise. Jointly U.S. Foodservice and Alliant can now serve approximately 95% of the U.S. population," he said. "We're very proud of that."

Ahold in the United States and worldwide

In addition to its foodservice activities Ahold owns five prominent supermarket companies along the eastern seaboard. The popular store brands include Stop & Shop (MA), Giant Landover (MD), Tops (NY), Giant Carlisle (PA) and BI-LO (SC). Jointly they operate over 1,400 stores of which 1,050 are supermarkets. Retail sales amount to USD 22 billion. The number of stores will increase to 1,600 following completion of the acquisition of Bruno's Supermarkets, expected for December 2001. Overall annualized annualized

Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared.
 sales from Ahold's retail and foodservice activities in the United States total approximately USD 34 billion. Worldwide Ahold has sales of over USD 60 billion in 27 countries. The company currently operates 8,600 supermarkets, superstores, hypermarkets and other store formats in the United States, Europe, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies.  and Asia. Ahold is listed on the stock exchanges of Amsterdam (symbol AHLN), New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 (NYSE NYSE

See: New York Stock Exchange
 symbol AHO) and Zurich.

Ahold's web site is www.Ahold.com

This press release contains certain statements that are neither reported financial results nor other historical information. These statements are forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 within the meaning of the safe-harbor provisions of the U.S. federal securities laws. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward looking statements as more fully discussed in Ahold's Annual Report on Form 20-F. Many of these risks and uncertainties relate to factors that are beyond Ahold's ability to control or estimate precisely, such as future market and economic conditions, the behavior of other market participants, the ability to successfully integrate acquired businesses and achieve anticipate synergies and the actions of government regulators. These and other risk factors are detailed in Ahold's publicly filed reports. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Ahold does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of these materials.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 30, 2001
Words:577
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