Sysco Acquires Four Foodservice Businesses
HOUSTON (January 10, 2013)—Sysco Corporation, the largest broadline distributor in America, announced it has recently completed the acquisition of the following independent foodservice companies:
- Appert's Foodservice, a full-service broadline distributor based in St. Cloud, Minn.
- Buchy Food Service, a full-service broadline distributor based in Greenville, Ohio
- Central Seafood Company, a seafood supplier based in Orlando, Fla.
- Distagro, the foodservice division for Montreal, Quebec-based grocery retailer, Metro Richelieu Inc.
Each acquisition was completed in December. While specific financial terms of the acquisitions were not disclosed, the combined annual revenues of the four companies are approximately $520 million. To date, in fiscal year 2013, Sysco has acquired a total of nine businesses that, in the aggregate, had annual sales exceeding $750 million.
"We're excited to be expanding the Sysco family of companies with these quality foodservice providers," said Chris Kreidler, Sysco's executive vice president and chief financial officer. "Customers of these companies can expect to receive the same high-level service they've traditionally received, while being introduced to the additional breadth and depth of products and capabilities offered by Sysco. Strategically, these acquisitions further demonstrate Sysco's commitment to pursue quality companies that will enable us to better serve our customers, further expand our product offerings and service footprint, and profitably grow our business."