Sysco Corp. (NYSE: SYY), Houston, TX, has agreed to acquire Distagro, the foodservice division for Montreal, Quebec-based grocery retailer Metro Richelieu Inc., marking the second international acquisition in the past several weeks for the North American foodservice distributor.
Download a Free Chapter:
The Little Black Book of Strategic Planning for Distributors
Submit your email address below to receive a chapter of Brent Grover's new book. When you submit your email you will be signed up to receive weekly distribution news updates.
The acquisition of Distagro's foodservice division is designed to complement Sysco's growing presence in the competitive Quebec market. Distagro supplies food products to customers with operations in Quebec and Eastern Canada. Within the past 13 months, Sysco has also acquired Frank and Dino, a Montreal broadline specializing in Italian imports; Viandes St. Laurent, a Montreal meat processor and distributor; and En Gros Pierre, a Montreal seafood company.
Sysco completed the purchase of the foodservice distribution arm of Ireland-based produce company Keelings Foods this month. Terms of the two acquisitions were not disclosed, but annual sales of the entities approach $400 million.
The acquisition of Keelings' foodservice distribution business, Sysco’s third acquisition in Ireland, expands Sysco's presence in the country. The acquired business specializes in delivering fresh produce. It employs 160 people and has operations based in Dublin, Cork, Belfast and Wexford. The business will retain its existing brand identity and management team, and all employees will remain with the business.
Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.
Download the Top 40 Industrial Distributor List
Get the Top 40 Industrial Distributors list in PDF, and you will be signed up to receive MDM Update, your free daily distribution news update by email.