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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 provide foodservice (like Aramark and Sodexo).
Consider that although Sysco's direct competitors aren't traded publicly, food companies ConAgra Foods and Hormel Foods enjoy much higher multiples than what Sysco paid for US Foods. ConAgra ...
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 ...
The food-service giants Sysco is the global leader in the sale, marketing, and distribution of food products. Its customers include restaurants, health care and educational facilities, hotels, and ...
Gordon Food Service opened its first cash and carry store in 1979. They were renamed GFS Marketplace in 1992 and rebranded to Gordon Food Service Store in 2014. As of 2023, they operate more than 175 stores across Florida, Illinois, Indiana, Kentucky, Michigan, Missouri, New York, Ohio, Pennsylvania, Tennessee,Texas and Wisconsin. [9]
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S.E. Rykoff & Co. bought John Sexton & Co. in 1983 $84 million from Beatrice Foods. At the time, it was the largest food service acquisition. Coleman realized that the S.E. Rykoff & Co. Brand was only known on the west coast where the Sexton Brand was known nationwide by institutional food customers.
Alamy Companies can make brilliant moves, but there are also times when things don't work out quite as planned. From an automaker committing to add thousands of high-paying jobs in the new year to ...
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