NYSE:SYYConsumer Retailing
Sysco Buys Restaurant Depot And Investors Weigh Earnings Upside Potential
Sysco (NYSE:SYY) has agreed to acquire Restaurant Depot, expanding its presence in the U.S. Cash and Carry foodservice channel.
The deal will establish Restaurant Depot as a distinct business segment within Sysco.
Management expects the acquisition to be accretive to earnings within the first two years following completion.
Sysco, trading at $74.09, is already a major supplier across the U.S. foodservice market, and this move adds a new format alongside its traditional distribution model...


