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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).
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 ...
CFS Continental operations purchased by Sysco included all brands, distribution facilities and equipment; wholesale grocery sales force; NCD Detergents; the Gregg's Food Products/ Re-Mi Group, which manufactured more than 350 food items such as salad dressings and puddings; Continental Coffee; the Interstate Foods Group (shortening); and Fresh ...
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Shares of Sysco Corporation (NYSE: SYY) were lower by around 13% Wednesday afternoon following a Tuesday New York Post report which suggested the food distributor giant temporarily stopped selling ...
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Schnieders began his career in the meat department of a regional grocery store, before moving on to sell meat for a national company, and later serving as the general sales manager for a foodservice distributor. He began working for Sysco in 1982, joining an executive management program at the company's Memphis subsidiary. [1]