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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 ...
Co-founding Sysco Namesake of Columbia University Irving Medical Center Herbert Irving (November 5, 1917 – October 3, 2016) was an American businessman, philanthropist, and art collector.
He began working for Sysco in 1982, joining an executive management program at the company's Memphis subsidiary. [1] He served in various divisions in managerial positions from 1988 until January 2000, when he became chief operating officer of the entire company.
To help finance the A.E. Staley acquisition, Tate & Lyle pre-sold CFS Continental to the foodservice giant Sysco for $360 million. Not forgetting the owners had to give over 50% of their profit to taxes and debt. Sysco generated sales of $3.7 billion (1987) and CFS Continental generated sales of $2.4 billion (1987).
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By 1996, Sysco was the third-largest company in Houston and had over 30,000 employees. [8] Sysco acquired Newport Meat in 1999, which at the time had sales of approximately $100 million per year. This was the company's first acquisition of a California company. [9] Between 1995 and 2000, Sysco's annual sales increased from $12 billion to $19 ...