On Oct. 11, Houston, Texas-based foodservice distributor Sysco Corp. announced it has agreed to acquire Chicago-based foodservice equipment, supply and disposables distributor Edward Don & Company (DON).
Founded in 1921, DON generates approximately $1.3 billion in annual revenue, servicing a broad range of restaurant, foodservice, and other customers across the United States, according to a news release.
This acquisition will allow Sysco to add strategic new capabilities and diversified offerings to complement its existing business and create a specialty Equipment and Supplies platform that will provide better selection and service to customers, company officials said. Specifically, DON will bring:
- a broad distribution footprint with over 1.4 million square feet of distribution centers and office space in key U.S. geographies,
- an experienced field sales team focused on equipment and supplies, and;
- design and build capabilities that complement Sysco’s existing business.
The acquisition is subject to regulatory approval and other customary closing conditions. Upon completion of the transaction, DON will operate as a standalone specialty division within Sysco. In addition, Sysco expects to retain the leadership team of DON, as well as all current employees.
Sysco Breaks Ground on Facility in Arizona
On Oct. 12, Sysco broke ground on a 353,600-square-foot facility, Sysco Arizona East, in Mesa, Arizona.
Construction related to the $102 million investment is planned to begin this Fall and is expected to be operational by the spring of 2025.
“Sysco’s Arizona East site will help meet the demands of the growing local market,” said Matt Jacobson, Sysco’s Desert Region President, in a news release. “We look forward to bringing Sysco’s expertise and service to thousands of new customers in the market, including restaurants, healthcare, education, and travel and leisure locations throughout Arizona.”