GOLDEN STATE FOODS WILL SELL SELECTED DISTRIBUTION CENTERS TO MARTIN BROWER

Irvine, California (October 2, 2018) – Golden State Foods (GSF), one of the largest diversified food processors and distributors in the foodservice industry, announced today that it has entered into negotiations with Martin Brower Company (Rosemont, Illinois), to sell some of its distribution centers this year.

Discussions are focused on nine of GSF’s 27 distribution centers. The nine under discussion are part of 11 distribution centers serving McDonald’s. (GSF’s 27 centers serve an array of QSR leaders). The sale would support Golden State Foods’ and McDonald’s strategies for growth, efficiencies and excellent customer service, which have been hallmarks of both organizations for decades. GSF, which has been a food supplier to McDonald’s for more than 65 years and a distribution partner for more than 50, will continue to serve as a global manufacturer and distributor to McDonald’s and to many other food industry and retail customers throughout the world.

The transaction would put GSF in a very strong financial position to accelerate its already successful strategy through reinvestment and continued potential acquisitions.

The companies anticipate the sale will be finalized before the end of the year.

About Golden State Foods

Golden State Foods is one of the largest diversified suppliers to the quick service restaurant (QSR) industry. Established in 1947, the company is values-based with proven performance in superior quality, innovation and customer service throughout the QSR industry. GSF services more than 125,000 stores in 60 countries on five continents. Its core businesses include processing of liquid products, protein, produce, dairy and full-line logistics services to the food industry spanning QSR, foodservice, retail and C-store formats. The company also runs the GSF Foundation, a national non-profit organization to help children and families in need. For more information, please visit: www.goldenstatefoods.com