Sysco acquires four foodservice distributors
Jan. 10, 2013
by Meat&Poultry Staff
HOUSTON – Sysco Corporation completed four acquisitions of independent foodservice companies. Each deal was completed in December and terms of the transactions were not disclosed.
The acquired companies are:
• 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.
"We're excited to be expanding the Sysco family of companies with these quality foodservice providers," said Chris Kreidler, executive vice president and CFO. "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."
Sysco estimated the combined annual revenues of the four companies at approximately $520 million. To date, in fiscal year 2013, Sysco acquired a total of nine businesses that, in the aggregate, had annual sales exceeding $750 million.