• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Associated Food Stores Powers Up Phase One of Distribution Center Automation Project with Symbotic Technology

    3/6/25 9:00:00 AM ET
    $SYM
    Industrial Machinery/Components
    Industrials
    Get the next $SYM alert in real time by email

    FARR WEST, Utah, March 6, 2025 /PRNewswire/ -- Associated Food Stores (AFS), a leading provider of groceries and other goods and services to independent retailers in nine Intermountain states, and Symbotic Inc. (NASDAQ:SYM) announced the successful activation of an ambitious warehouse modernization initiative at AFS' Utah distribution center. This milestone advances AFS' 85-year commitment to efficiency and service for nearly 500 independent grocers in the Intermountain West.

    Associated Food Stores and Symbotic

    Symbotic's end-to-end automation system, with robotic case pick capabilities, will allow AFS' distribution center to improve a variety of retail-facing experiences, including overall supply, expanded selection and delivery of products to stores. With improved accuracy and aisle-friendly pallet deliveries to stores, the system enables increased speed to shelf and SKU availability for AFS' customers, while improving inventory utilization for AFS itself.

    To celebrate this achievement, AFS will host a special event on Thursday, March 6, at 10 a.m. MT, featuring a commemorative power-up ceremony and a guided tour of the newly implemented Symbotic system. Media representatives, industry partners and other stakeholders are invited to attend and witness firsthand the state-of-the-art automation technologies now operational within the facility.

    The automation initiative is designed to transform the distribution center into a next-generation facility equipped to meet both current and future demands.

    "The successful activation of phase one is a testament to our dedication to providing exceptional service to our member retailers," said David Rice, AFS' president and CEO. "By embracing advanced automation and partnering with Symbotic, we are positioning ourselves at the forefront of supply chain innovation, ensuring that our retailers receive products more efficiently and accurately than ever before."

    Symbotic's Chairman and CEO, Rick Cohen, reinforced this sentiment: "We are excited to provide AFS with the innovation, flexibility and reliability provided by Symbotic's advanced A.I. and warehouse automation technology. We look forward to working with AFS for its next phase and continuing to support its retailers with a superior service experience."

    According to Glen Keysaw, AFS' vice president of distribution, "Implementing the Symbotic system creates great opportunities for our distribution center team members to grow their skill sets and expand their future opportunities with the company. Due to the proactive efforts of our management team, all current team members at the distribution center will have jobs going forward and the distribution center will continue supporting current and future independent grocers throughout the Intermountain West."

    This initiative underscores AFS' mission to empower local retailers with the tools and resources necessary to compete and thrive in an evolving marketplace.

    ABOUT ASSOCIATED FOOD STORES

    Associated Food Stores was established in 1940 when 34 independent retailers joined together to battle high supplier costs and competition from large chain stores. That fighting spirit has continued to help the grocery wholesaler grow over the last 75 years. With a focus on independent retailers, AFS has changed the way these retailers operate and allowed them to prosper. AFS currently serves nearly 500 retailers across the Intermountain West. For more information about Associated Food Stores visit www.afstores.com. 

    ABOUT SYMBOTIC

    Symbotic is an automation technology leader reimagining the supply chain with its end-to-end, A.I.-powered robotic and software platform. Symbotic reinvents the warehouse as a strategic asset for the world's largest retail, wholesale, and food & beverage companies. Applying next-generation technology, high-density storage and machine learning to solve today's complex distribution challenges, Symbotic enables companies to move goods with unmatched speed, agility, accuracy and efficiency. As the backbone of commerce, Symbotic transforms the flow of goods and the economics of the supply chain for its customers. For more information, visit www.symbotic.com. 

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/associated-food-stores-powers-up-phase-one-of-distribution-center-automation-project-with-symbotic-technology-302394600.html

    SOURCE Associated Food Stores

    Get the next $SYM alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $SYM

    DatePrice TargetRatingAnalyst
    2/6/2025Outperform → Mkt Perform
    Raymond James
    1/16/2025$35.00Outperform
    Oppenheimer
    1/13/2025$37.00Buy
    Citigroup
    1/8/2025$35.00Neutral → Buy
    DA Davidson
    11/27/2024$25.00Buy → Hold
    Craig Hallum
    11/27/2024Overweight → Sector Weight
    KeyBanc Capital Markets
    11/27/2024$50.00 → $35.00Buy → Neutral
    DA Davidson
    7/23/2024$45.00Hold
    Vertical Research
    More analyst ratings