Sysco, Jetro Restaurant and Houston food distribution
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The giant distributor is paying top dollar to acquire Jetro Restaurant Depot and its more profitable, small-scale budget
Transaction Combines Two Complementary Food-Away-From-Home Industry Leaders to Create Preeminent U.S. Multi-Channel Foodservice Distribution Platform Transaction Expected to be Immediately Accretive to Margins,
Marking one of the largest transactions in the history of wholesale distribution, it's set to push Sysco’s annual revenue to near $100 billion and diversify its offering with a strong push into the cash-and-carry segment.
US food giant Sysco has agreed to acquire catering supplier Jetro Restaurant Depot for $29 billion, including debt. This strategic move aims to expand Sysco's reach into the price-conscious independent restaurant market and its higher-margin cash-and-carry business.
HOUSTON, Feb. 20, 2020 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY), the leading global foodservice distribution company, announced today the launch of eleven new and exciting menu concepts. These innovative products are available exclusively for ...
HOUSTON, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY), the leading global foodservice distribution company, launched its One Planet. One Table. assortment, the foodservice industry’s largest offering of certified and sustainably focused ...
US food distributor Sysco said on Monday that it has agreed to buy cash and carry food wholesaler Jetro Restaurant Depot for about $29.1bn.
HOUSTON, Feb. 20, 2018 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY), the leading global foodservice distribution company, has announced the launch of eight new products available exclusively for customers through its Cutting Edge Solutions platform.
Sysco (NYSE:SYY) has entered a nationwide distribution partnership with Reborn Coffee, expanding its presence in the coffee franchise segment. The company has also launched a Home Grown by Sysco pilot program focused on locally sourced foods.
Sysco (SYY) announced on Monday that it struck a deal to acquire Jetro Restaurant Depot. Under the terms of the agreement, Jetro Restaurant Depot shareholders will receive $21.6 billion in cash proceeds and 91.