The Online Investor
Grocery & Drug Stores M&A image Grocery & Drug Stores M&A » By The Online Investor Staff, updated Thu., May. 13, 5:27 PM Recent mergers and acquisitions in the Grocery & Drug Stores M&A category.

Slide #45. Sysco Corporation Assets of Distagro and Foodservice Distribution Arm of Keelings Foods

Acquirer: Sysco Corporation (NYSE:SYY)
Acquiree: Assets of Distagro and Foodservice Distribution Arm of Keelings Foods
Details: Sysco Corporation announced that it has agreed to acquire the assets of Distagro, the foodservice division for Montreal, Quebec-based grocery retailer Metro Richelieu Inc., marking the second international acquisition in the past several weeks for North America's leading foodservice distributor. Sysco also closed on the purchase of the foodservice distribution arm of Ireland-based produce company Keelings Foods on October 3. While the specific financial terms of the two acquisitions were not disclosed, the combined annual sales of the entities approach $400 million.

Sysco, acting through its subsidiaries and divisions, is a distributor of food and related products to the foodservice or food-away-from-home industry. Co. has three segments: U.S Foodservice Operations, which includes U.S. Broadline operations, which distribute a line of food products, including custom-cut meat, seafood, specialty produce, specialty imports and a variety of non-food products; International Foodservice Operations, which includes operations in the Americas and Europe, which distribute a line of food products and a variety of non-food products; and SYGMA, which is Co.'s U.S. customized distribution subsidiary. Co.'s other segment mainly includes its hotel supply operations.

Sysco SEC Filing Email Alerts Service


Open the SYY Page at The Online Investor »

Company Name: 
Sysco Corp
Website: 
www.sysco.com
Sector: 
Grocery & Drug Stores
Number of ETFs Holding SYY: 
98
Total Market Value Held by ETFs: 
$4.80B
Total Market Capitalization: 
$42.96B
% of Market Cap. Held by ETFs: 
11.16%
 

Open the SYY Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes



Buy (3.43 out of 4)
50th percentile
(ranked higher than approx. 50% of all stocks covered)

Analysts' Target Price:
SYY Stock Forecast

Based on Zacks ABR data;
powered by Xignite

Grocery & Drug Stores M&A - Slide 45 of 48 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.