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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).
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 ...
It goes without saying that food is big business. In fact, it's a $235 billion industry, and distributor Sysco is a major player. It serves about 18% of the market, but at the same time, Sysco's ...
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 ...
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.
He started his career in the frozen foods business by co-founding Global Frozen Foods with a brother-in-law. He founded Sysco in 1969 with John F. Baugh and Harry Rosenthal and served as the company's vice chairman and chair of the finance committee. [2] He stepped down as vice chairman of Sysco's board in 1992 and remained a director until ...