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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).
Sysco is a distributor of a range of food items from meats and fresh produce to frozen foods and baked goods. Sales in the company's food service business in the U.S., which caters to offices ...
In a clear attempt to move the profit needle in a big way, Sysco will acquire US Foods for $3.5 billion in stock and cash, according to a recent announcement. This will create a food-industry ...
The only way to earn outsized profits in industries where many companies sell the same products is to become a low-cost producer. Wal-Mart Stores uses its massive scale to procure and distribute ...
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 ...
About Sysco Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries.
Sysco (NYS: SYY) , not to be confused with the networking company Cisco Systems, is the nation's largest food distributor. Its vast food transportation network is responsible for deliveries to ...
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 ...