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Sysco Announces Acquisition of Hawaii-Based Foodservice Company

Honolulu-based broadline distributor HFM FoodService has signed an agreement to be purchased by the Sysco Corporation. HFM FoodService has roughly $290 million USD in annual sales. Sysco is expected to keep HFM’s current employees and executive leadership team on board. 

“HFM has been providing quality service to Hawaii and Guam for over 50 years, and we are excited to welcome them to the Sysco family of companies,” said Tom Bene, Sysco’s president and chief operating officer. “A key pillar of Sysco’s strategy for continued growth and value creation is the continuous assessment of new market opportunities. Acquiring HFM provides Sysco with direct access to the growing Hawaiian market and is in clear alignment with our strategy for disciplined, profitable growth of the business.”

HFM Foodservice was founded in 1964 and distributes products to all four of Hawaii’s main islands and Guam. Their customers include schools, restaurants, and hotels and resorts.