Sysco investing to smooth upcoming merger with US Foods
SEAFOODNEWS.COM [Houston Chronicle] By David Kaplan - August 13, 2014 -
Merging two huge companies into one is a daunting task.
Two corporations that had functioned under different cultures and systems must be ready to go the moment they join up.
Houston-based Sysco is taking on such a challenge.
The merger of Sysco Corp. and US Foods, the nation's largest and second-largest food distributors respectively, is expected to gain regulatory approval within the next several months, and Sysco has invested heavily on making the transition work.
The company's fiscal year operating expenses increased by $256 million, mainly related to merger and integration planning expenses, which include consultant fees, the company reported Monday, and those hefty costs put a dent in the company's profit.
One of the keys to a smooth transition is to identify priorities...
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