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Sysco Nears $29 Billion Deal to Buy Restaurant Depot, WSJ Says - Bloomberg.com
Overview
Sysco is nearing a roughly $29 billion agreement to buy Restaurant Depot, combining two major food-service distributors and creating one of the largest food-service groups in the country. The transaction would strengthen Sysco’s reach across independent restaurants and institutional customers and is a clear example of consolidation moving forward in the sector. By contrast, the ended talks between Pernod Ricard and Brown-Forman illustrate that not all large consumer or food-and-beverage deals succeed, highlighting deal-specific risks even amid broader industry consolidation.
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ORGBloombergORGWall Street JournalORGSysco
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