NYSE:SYYConsumer Retailing
Sysco Jetro Deal Expands Cash And Carry Reach And Investor Questions
Sysco (NYSE:SYY) agreed to acquire Jetro Restaurant Depot in a US$29.1b transaction.
The deal brings Sysco into the cash-and-carry wholesale market through Jetro’s warehouse network.
Both companies’ boards unanimously approved the transaction, with Jetro set to operate as a separate segment.
For you as an investor, this deal puts Sysco at the center of a larger part of the foodservice supply chain. It adds a cash-and-carry model to its traditional broadline distribution business. Jetro...