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KAL: US FOODS PARTNERS WITH VERTICAL FARMING INNOVATOR KALERA TO EXPAND ITS LOCAL AND SUSTAINABLE FRESH PRODUCE PORTFOLIO

National Vertical Farming Partnership for US Foods Brings Consistent Year-Round
Availability of High-Quality Leafy Greens to Customers
ROSEMONT, Ill., May 18, 2022, - US Foods Holding Corp. (NYSE: USFD) today
announced a strategic agreement with Kalera®, one of the world's leading
hydroponic indoor vertical farming companies. This is US Foods' largest vertical
farming relationship to date. The agreement underscores US Foods' commitment to
bringing foodservice operators a broad assortment of high-quality produce,
year-round. It will also expand the portfolio of local farms that US Foods is
sourcing from in various markets in support of its growing Serve Local program.
As part of the agreement, Kalera and its wholly owned seed technology business
Vindara, will work closely with US Foods to develop and launch new products to
US Foods customers in markets across the country.
Kalera will bring consistently fresh, sustainable produce year-round to US Foods
through its network of controlled environment, indoor farms. The innovative
indoor farms use clean room technology, advanced proprietary equipment, and
plant and seed science to provide a wide range of high-quality greens such as
whole head lettuce, salad mix blends, microgreens, burger leaf toppers, and
arugula with less water as compared to traditional field farming.
"Our agreement with Kalera will fundamentally change the manner in which
vertical farmed products are made available to restaurants and other foodservice
operators across our footprint," said Josh Waters, senior vice president of
produce category management for US Foods. "We are energized by the high-quality,
sustainably grown, year-round offerings that will be available to US Foods
customers in partnership with Kalera, and we look forward to continuing to grow
our produce portfolio and partnering on new product offerings in the future."
"US Foods and Kalera are helping to bring the future of farming to the
foodservice industry today," said Curtis McWilliams, Chairman-elect and former
CEO of Kalera. "This relationship will help set a precedence for the foodservice
industry by providing customers with accessible fresh produce all year-round
thanks to US Foods."
For Kalera, the partnership represents an opportunity to allocate up to 50% of
its United States production capacity to the restaurant and food service
industry. Kalera currently operates farms in the United States in Atlanta,
Denver, Houston, and Orlando, as well as in Munich and Kuwait. The company also
has five farms under construction in Seattle, Columbus, Ohio, Honolulu, St.
Paul, Minn.; and Singapore.
About US Foods
With a promise to help its customers Make It, US Foods is one of America's great
food companies and a leading foodservice distributor, partnering with
approximately 250,000 restaurants and foodservice operators to help their
businesses succeed. With 69 broadline locations and more than 80 cash and carry
stores, US Foods and its 28,000 associates provides its customers with a broad
and innovative food offering and a comprehensive suite of e-commerce, technology
and business solutions. US Foods is headquartered in Rosemont, Ill. Visit
www.usfoods.com to learn more.
About US Foods Serve Local Program
US Foods launched the Serve Local program in 2018, in select markets to better
connect US Foods customers with regional farmers, producers and/or
manufacturers. Products offered through Serve Local are sourced within 400 miles
from the location where US Foods ships the product or within the state from
where US Foods ships the product.


16.05.2022 11.18.44 - Oslo SE, News
KAL: Kalera and Agrico Announce Effectiveness of Registration Statement, Waiver of Minimum Cash Condition and Extraordinary General Meetings for Proposed Business Combination
oExtraordinary general meeting of Kalera shareholders (the "Kalera Special
Meeting") and extraordinary general meeting of Agrico shareholders (the "Agrico
Special Meeting" and, together with the Kalera Special Meeting, the "Special
Meetings") to approve the proposed business combination of Kalera and Agrico
expected to be held on June 27, 2022.