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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).
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 ...
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 ...
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 ...
Not surprisingly, Sysco saw its food costs rise to 7.3% compared with 3.3% in the same period the previous year. Additionally, the company also incurred higher costs for other items like payroll ...
Sysco is a broad-line food distributor and operates about 330 distribution facilities worldwide. John Keeler, Chairman and CEO of Blue. Seafood company Blue Star Foods Corp (NASDAQ: BSFC) has ...
JFC International is a major wholesaler and distributor of Asian food products in the United States. [1] In addition to its own products, JFC International also imports branded products from other international companies. [2]