Sysco Corporation
Sysco Announces Acquisition of Jetro Restaurant Depot
Summary
Sysco Corporation announced on March 30, 2026, its agreement to acquire Jetro Restaurant Depot, a leading U.S. wholesale Cash & Carry foodservice provider, for approximately $29.1 billion. The acquisition is expected to be immediately accretive to Sysco's margins, EPS, and free cash flow, with anticipated synergies of approximately $250 million within the first three years. The transaction will expand Sysco's presence in the high-margin, growing, and resilient Cash & Carry channel, serving smaller independent restaurants and foodservice operators. Sysco plans to fund the cash portion of the transaction with $21 billion of new debt and hybrid debt, and $1 billion of cash on hand, equity, or equity-linked securities. The acquisition is expected to close by the third quarter of Sysco's fiscal 2027, subject to regulatory approvals.
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About Sysco Corporation
Sysco Corporation stands as a leading global distributor of food products, catering to a wide array of customers including restaurants, healthcare and educational institutions, and hospitality sectors. The company's primary function is the distribution of food and related products, which encompasses everything from fresh produce and meat to canned and frozen foods, along with non-food items like kitchen equipment and cleaning supplies. Operating in sectors such as food service, hospitality, and healthcare, Sysco's expansive logistics network ensures the seamless supply chain management needed to support diverse culinary operations across the globe. Founded in 1969 and headquartered in Houston, Texas, Sysco Corporation plays a pivotal role in the food distribution industry by enhancing supplier-client connections through innovative services and solutions. With operations in North America and Europe, Sysco not only facilitates the essential flow of goods required by businesses of all sizes but also supports them in achieving efficiency and quality in their food-related services. Its comprehensive approach to foodservice distribution underscores its significant impact on the global food economy, making Sysco a vital player in the facilitation of dining experiences worldwide.
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