E-mail Story
Print Friendly
Send E-mail
Reprint story
Tuesday, November 17, 2009
Zanios Sold But Stays Locally Run
By Rivkela Brodsky
Journal Staff Writer
Zanios Foods isn't locally owned anymore — but it remains locally run.
The food distribution company — started as Southwest Egg Co. in 1956 by George and Eva Zanios — was purchased by San Antonio, Texas-based company Labatt Food Service in late summer.
The details of the agreement are confidential but Zanios will now operate as a subsidiary of Labatt Food Service and continue doing business as Zanios Foods out of its distribution center at 221 Airport Drive NW, providing food to New Mexico Texas and Colorado, according to a news release.
Labatt acquired the assets of the company — which does about $200 million in annual sales a year — under the deal.
Labatt Food Service, which currently does about $800 million in annual sales, will approach $1 billion in annual sales with the addition of Zanios Foods, according to the release.
The Zanios family — including Jim Zanios, president of Zanios, and sons James and Jay — will continue to run the company in Albuquerque.
“(Labatt is) a wonderful company, and we're just going on doing business as usual,” Jim Zanios told the Journal.
Jim Zanios has run Zanios Foods since 1966, after an athletic career at Texas Tech and being drafted by the Dallas Cowboys in 1965, according to the news release.
Blair Labatt, president of Labatt Food Service, a distribution company started in 1910, would not give details of the agreement or price when asked by the Journal, but said in an e-mail response: “We expect to build on the good name of the Zanios family in New Mexico and offer ever-superior service and ever-more-competitive purchasing opportunities for all our customers.”
You also can send comments via our comment form
|
|
