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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. Sales in the company's food service business in the U.S., which caters to offices, amusement parks, casinos, bowling alleys ...
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 ...
Warehouse workers went on strike this week at food distributor Sysco’s warehouse in northwest suburban Des Plaines, which could disrupt food deliveries to the Chicago area, the company said.
Sysco (NYSE:SYY), a global leader in foodservice distribution, released its earnings report for its fiscal 2025 second quarter on Jan. 28.The company reported adjusted EPS of $0.93, slightly above ...
To help finance the A.E. Staley acquisition, Tate & Lyle pre-sold CFS Continental to the foodservice giant Sysco for $360 million. Not forgetting the owners had to give over 50% of their profit to taxes and debt. Sysco generated sales of $3.7 billion (1987) and CFS Continental generated sales of $2.4 billion (1987).