Sysco To Acquire Edward Don & Co. For Undisclosed Terms
(RTTNews) - Sysco Corp. (SYY) announced Wednesday it has agreed to acquire Edward Don & Co., a leading distributor of foodservice equipment, supplies, and disposables based in Chicago, IL.
Founded in 1921, Edward Don & Co. generates approximately $1.3 billion in annual revenue, servicing a broad range of restaurant, foodservice, and other customers across the U.S.
This acquisition will allow Sysco to add strategic new capabilities and diversified offerings to complement its existing business and create a specialty Equipment and Supplies platform that will provide better selection and service to customers.
Upon completion of the transaction, Edward Don & Co. will operate as a standalone specialty division within Sysco. In addition, Sysco expects to retain the leadership team of DON, as well as all current employees.
The acquisition is subject to regulatory approval and other customary closing conditions.
Frozen Shakes Sold To Care Facilities Recalled After Listeria Outbreak, Death
Sysco Q3 Adj. EPS Tops Estimates, But Sales Miss; Appoints Kevin Hourican As Chairman
Sysco Q1 Adj. EPS Miss Estimates, But Sales Top; Reaffirms FY22 Outlook
Dollar Weakens Despite Hawkish Fed And Fresh Tariff Warnings
Bay Street Seen Opening Slightly Higher
German Business Confidence Remains Unchanged
UK Stocks Turning In Mixed Performance; FTSE 100 Modestly Higher
