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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).
Over time, the provincial government gave limited capital investments to SYSCO from the late 1970s into the early 1980s. In the mid-1980s the provincial government of premier John Buchanan decided to modernize the steel mill prior to selling it to the private sector. This modernization changed the steel making process from a fully integrated ...
This is the second foreign buyout Sysco has made recently. On Oct. 3, U.S. food service distributor Sysco (NYS: SYY) has agreed to buy the assets of Distagro, a division of Canadian grocery ...
Brake Bros Limited has been a subsidiary of Sysco Corporation since 5 July 2016 when the latter bought it for $3.1 billion. [ 7 ] [ 8 ] Its customers include schools, contract caterers, hospitals, hotels, independent dining establishments and various large restaurant chains.
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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 ...
Sysco Corporation (SYY) is gaining on its Recipe for Growth plan, which involves five strategic priorities. However, high labor and transport costs pose threat to margins.