United Natural Foods, Inc. Announces Plans For New Denver Distribution Facility
PROVIDENCE, R.I., Sept. 11, 2012 /PRNewswire/ -- United Natural Foods, Inc. (Nasdaq: UNFI) ("UNFI" or the "Company"), the leading national distributor of natural, organic and specialty foods, today announced plans to consolidate its four existing Denver-based distribution facilities into a new state-of-the-art, 535,000 square foot facility located at Gateway Park in Aurora, Colorado. The new facility is expected to commence operations in the summer of 2013.
Situated near I-70 in the Denver International Airport corridor, the new facility will serve as a distribution hub for retailers in the Rocky Mountain Region of the United States as well as Kansas, Nebraska, New Mexico, Utah and Wyoming. The existing facilities' consolidation, all located within the City of Aurora, extends the Company's focus on enhancing efficiencies, improving productivity through "best in class" warehousing and inventory control systems, lowering operating costs in its distribution network and reducing Greenhouse gas emissions. The distribution facility will be leased from The Pauls Corporation.
"With new and efficient operations, and all our associates located together, this new facility should enable us to continue to expand our operations while reducing operating costs," said Steve Spinner, UNFI's President and Chief Executive Officer. " Denver and Aurora are great communities with a strong and receptive workforce. We are very excited about continuing our long-standing relationship in the area with a single, centrally-located facility at Gateway Park."
Commenting on the Company's announcement, Steve Hogan, Mayor of the City of Aurora said, "United Natural Foods is a solid company with a bright future, and we are thrilled they have chosen to consolidate their operations in Aurora. Aurora is the land of opportunity for business, and this state-of-the-art facility will bring new energy to our community. We're proud to have United Natural Foods in Aurora, and we look forward to their continued success."
The Company noted that no jobs are expected to be impacted in the transition. The new distribution facility is expected to open with 475 associates; increasing up to 550 associates within the first three years based on current plans for increased capacity to meet demand.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
