Sysco Acquires US Foods for $3.5 Billion

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HOUSTON — A new foodservice behemoth has formed now that Sysco Corporation and US Foods signed a deal to merge entities, with a combined value of $8.2 billion.

US Foods, based in Rosemont, Ill., offers products and distribution services geared towards independent and multi-unit restaurants, healthcare and hospitality, government and educational institutions.

Sysco president Bill DeLaney will serve as president and CEO of the new company, which will continue to be called Sysco and be based in Houston. “As we continue on our transformational journey at Sysco, this transaction will position us to significantly accelerate our progress in achieving the vision we have for our company: to be our customers’ most valued and trusted business partner. Sysco and US Foods have highly complementary core strengths, including a broad product portfolio and passionate food people deeply committed to customer service, quality-assured products and safety,” he said.

The transaction is expected to close in the third quarter of the 2014 calendar year.

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