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On December 9, 2013, Sysco Corp announced it would acquire US Foods for $8.2 billion ($3.5 billion plus $4.7 billion of debt), [17] but on June 24, 2015, U.S. federal judge Amit Mehta ruled that the combined Sysco-US Foods would control 75% of the U.S. foodservice industry and that would stifle competition. On June 29, 2015, Sysco terminated ...
Sysco Corporation (short for Systems and Services Company) is an American multinational corporation involved in marketing and distributing food products, smallwares, kitchen equipment and tabletop items to restaurants, healthcare and educational facilities, hospitality businesses like hotels and inns, and wholesale to other companies that ...
Sysco reiterated its full-year forecasts for the second time; it expects net sales to grow between 4% and 5% and adjusted earnings per share to grow between 6% and 7%.
Sysco Corporation has advanced quite nicely since the beginning of October this year; it's up from $31.70 per share to $36.20 per share. The optimism surrounding Sysco has been bolstered by its ...
Often a food manufacturer may hire a food brokerage company to represent the manufacturer in a local market. The broker helps the food manufacturer market its products through the food service distribution system, which ranges from getting items stocked at the distributor to working with operators to purchase items from the distributor.
It goes without saying that food is big business. In fact, it's a $235 billion industry, and distributor Sysco is a major player. It serves about 18% of the market, but at the same time, Sysco's ...
Brake Bros Limited has been a subsidiary of Sysco Corporation since 5 July 2016 when the latter bought it for $3.1 billion. [ 7 ] [ 8 ] Its customers include schools, contract caterers, hospitals, hotels, independent dining establishments and various large restaurant chains.
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