Sysco to acquire Restaurant Depot for ~$29.1B

Company Description

Restaurant Depot is a members-only wholesale cash and carry foodservice supplier.

Summary

Food service distribution giant Sysco Corp. has agreed to acquire Jetro Restaurant Depot LLC in a deal valued at approximately $29.1 billion, including debt. The acquisition expands Sysco's reach into the high-margin restaurant supply segment. Following the announcement, Sysco's shares fell more than 6% in premarket trading.

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