Sysco to Acquire Jetro Restaurant Depot for $29.1 Billion
Sysco, the largest broadline food distributor in the US, has agreed to acquire Jetro Restaurant Depot, a leading cash-and-carry food wholesaler, for $29.1 billion, a deal the companies described as "transformative" for both organizations.
The March 30 announcement will see Sysco enter the "high-margin, growing, and resilient" cash-and-carry sector, creating a combined entity with nearly $100 billion in annual revenue and significant expansion opportunities.
Restaurant Depot operates 166 warehouse stores across 35 states, serving over 725,000 independent restaurants...
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