The Schwan Food Company Selects ICG Commerce to Help Drive Procurement Cost Savings
Comprehensive Procurement Services Provider to Help Leading Frozen-Food Company Source and Automate the Purchasing of Key Indirect Spend Categories
PHILADELPHIA, April 27 /PRNewswire/ -- ICG Commerce, a leading procurement services provider, announced today that it has entered into a three-year contract with The Schwan Food Company, the largest branded frozen-food company in the United States with annual sales in excess of $3 billion. The agreement is designed to help The Schwan Food Company reduce costs.
ICG Commerce was chosen as the partner for the initiative because of its services that support strategic sourcing, savings implementation, purchase-to- pay automation and ongoing category management.
"The Schwan Company has initiated a very progressive and holistic approach to managing their indirect spend," said Edward H. West, ICG Commerce chairman and CEO. "We look forward to helping them achieve and accelerate their procurement cost reduction initiatives."
About The Schwan Food Company
The Schwan Food Company is a privately held manufacturer and marketer of fine frozen foods through its nationwide Schwan's Home Service home-delivery service, its Schwan's Consumer Brands North America retail grocery business, and its Schwan's Food Service Group foodservice unit. Headquartered in Marshall, Minn., Schwan's production and distribution activities in the United States and Europe employ 24,000 people. Among its well-known brands are Schwan's, Tony's, Red Baron, Freschetta, Pagoda, Mrs. Smith's, and Edwards. To learn more about the company, visit www.TheSchwanFoodCompany.com on the World Wide Web.
About ICG Commerce, Inc.
ICG Commerce ( www.icgcommerce.com ) is a leading Procurement Services Provider exclusively focused on helping companies buy more effectively and efficiently in order to reduce costs significantly and continuously. The company offers an unmatched combination of deep process and category expertise and leading technology to delivery Sourcing, Purchase-to-Pay Automation and Outsourcing Services. ICG Commerce, Inc., a privately held company founded in 1992, is a member of Internet Capital Group's (Nasdaq:ICGE) network of partner companies and has been named among Forbes' Best of the Web: B2B, honored as an UPSIDE Magazine Hot 100 company and a Global Logistics & Supply Chain Strategies Top 100 solution provider and had its executives recognized among Supply and Demand Chain Executive magazine's "Pros to Know". For more information, please visit www.icgcommerce.com .
SOURCE ICG Commerce, Inc.
CO: ICG Commerce, Inc.; Schwan Food Company; Internet Capital Group
ST: Pennsylvania
SU: CON
Web site: icgcommerce.com
prnewswire.com
04/27/2004 10:36 EDT |
