Maturity by Maturity Bidding - MBM

Type: Private
Employees: 3,400
Employee growth: 0.0%

What's on the menu at your favorite restaurant? Just ask Meadowbrook Meat Company, one of the largest privately owned foodservice distributors in the nation. The company specializes in providing food to more than 25,000 franchised restaurants, including Arby's, Burger King, Captain D's, Chick-fil-A, and Darden Restaurants (Red Lobster, Olive Garden). Meadowbrook fills customer orders through a nationwide network of more than 30 distribution centers. J. R. Wordsworth founded the company about 50 years ago as a retail food distributor. It made the transition to its present role in restaurant food distribution after Wordsworth's children bought the business in the 1970s.

Key numbers for fiscal year ending December, 2007:
Sales: $5,500.0M
One year growth: 5.8%

Officers:
Chairman, President, and CEO: Jerry L. Wordsworth
EVP and COO: Jim K. Sabiston
CFO: Jeffrey M. (Jeff) Kowalk

Competitors:
Performance Food
SYSCO
U.S. Foodservice

A bond auction that allows bidders (who are underwriters) to submit bids for selected maturities in its issue, rather than requiring buyers to bid for the entire issue on an all-or-none (AON) basis.

Investopedia Says:
This gives smaller underwriting firms more flexibility, allowing them to bid for part of the issue.

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