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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 ...
In a clear attempt to move the profit needle in a big way, Sysco will acquire US Foods for $3.5 billion in stock and cash, according to a recent announcement. This will create a food-industry ...
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 ...
Brace yourselves for the quarterly numbers of yet another food inflation victim. Sysco (NYS: SYY) , the U.S.' largest food distributor, posted flat net earnings in the first quarter. Let's dig deeper.
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.
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