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Sysco Corp. (NYSE:SYY) has agreed to acquire agreed to acquire Waugh Foods Inc., a Illinois-based broadline distributor with $40 million in annual sales. Terms of the transaction were not disclosed.
"Waugh Foods has a long, rich history in the Central Illinois area, which includes strong relationships with local independent operators," said Greg Bertrand, executive vice president, U.S. foodservice operations. "We are excited to welcome Waugh into the Sysco family and believe this acquisition is a perfect complement to our existing local and regional presence."
Waugh Foods executives will continue to manage the business, including Waugh President, Rick Look, Tim Waugh and Joe Waugh, Jr.