Foodservice distributor Sysco Corp. (NYSE: SYY) of Houston has completed its acquisition of The Coastal Companies, a leading fresh produce distributor and value-added processor based in Laurel, Maryland. The deal previously was reported in December. Financial details were not disclosed. “The acquisition will operate as part of FreshPoint, Sysco’s specialty produce business, and enables FreshPoint […]
Category: sysco
Sysco Fiscal 2Q Sales Up 41%
Foodservice distributor Sysco Corp. (NYSE: SYY) of Houston reported fiscal 2022 second-quarter sales of $16.3 billion, an increase of 41.2% compared to the same period last year. “The exit rate for the second quarter continued to grow compared to the same period in fiscal year 2021, but decelerated in December due to disruptions from the […]
Sysco Acquiring Coastal Companies
Foodservice distributor Sysco Corp. (NYSE: SYY) of Houston said it has an agreement to acquire The Coastal Companies, a fresh produce distributor and value-added processer, from Continental Grain Company. Financial details were not announced. The agreement is subject to regulatory approval and other customary closing conditions. Once the deal closes, the acquisition will operate as […]
Sysco Sees Sales Growth
Foodservice distributor Sysco Corp. (NYSE: SYY) of Houston reported 2022 fiscal first-quarter sales of were $16.5 billion, an increase of 39.7% compared to the same period the prior year. The company’s gross profit increased 33.9% to $3 billion, while operating income was $631.7 million, an increase of $212.1 million, or 50.6%, compared with the same […]
