Foodbuy Joins Forces with CoreTrust
CHARLOTTE, N.C., March 15, 2019 /PRNewswire/ — Foodbuy, LLC, a subsidiary of Compass Group USA, Inc., has announced it has signed an agreement with CoreTrust to deliver potential savings and advantages to the group purchasing organization’s (GPO) affiliated members.
CoreTrust serves companies in retail, manufacturing and hospitality via an aligned membership model. It applies the scale and purchasing power of 1,900 organizations to deliver speed to value from a contract portfolio focused on indirect spend categories including human resources, IT, logistics, and facility infrastructure services.
“CoreTrust is dedicated to its member base and they’re all about working with others in the industry to leverage their sourcing and aggregation expertise,” said Dennis Hogan, Chief Executive Officer of Foodbuy, LLC. “They’re a great organization to align with as their values mirror the Foodbuy mission, which is to empower supply chain operators.”
For more than a decade, private equity firms and Fortune 2000 companies have entrusted their indirect purchasing to CoreTrust, which offers pre-negotiated contracts in key categories including office supplies, computer and tech accessories, car rentals, financial solutions, pharmacy benefits, and small parcel service. Under the agreement, members can access more than 3,000 foodservice suppliers contracted with Foodbuy aimed at generating savings through foodservice-negotiated programs.
CoreTrust is a subsidiary of HealthTrust, a healthcare GPO serving more than 1,500 acute-care hospitals and 35,500 alternate sites of care through subsidiary AdvantageTrust. CoreTrust now has the opportunity to further leverage Foodbuy programs to its member organizations.
About CoreTrust
CoreTrust is a leading commercial sourcing agency delivering contract savings to large corporations through an aligned membership and unparalleled scale. A division of HealthTrust, CoreTrust offers significant savings in spend areas such as IT, HR benefits, parcel and office supplies from the pooled purchasing power of Fortune 2000 companies and healthcare’s largest providers. For more information, please visit www.coretrustpg.com.
About Compass/Foodbuy LLC
Foodbuy, LLC is the largest foodservice procurement and supply chain solutions organization in North America and the sole sourcing partner for their parent company, Compass Group North America. Foodbuy manages more than $20 billion in purchase volume, giving them an industry-leading edge when negotiating contracts for Compass Group and Foodbuy Members. Foodbuy’s focus is on procurement; they provide a unique blend of purchasing savvy, product expertise, proven strategic processes and data analytics that integrates sourcing, category development, and distribution. Foodbuy’s business model, sustainability initiatives, and commitment to supplier diversity gives them a substantial competitive advantage. The value that they deliver to their customers has led to their significant growth, making Foodbuy the largest, yet most collaborative procurement organization in the United States. For more information, please visit www.foodbuy.com.
Source: PR Newswire