Sysco expands into high-margin restaurant segment with $29 billion deal
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NEW YORK (AP) — Sysco, the nation’s largest food distributor, will acquire supplier Restaurant Depot in a deal worth more than $29 billion. The acquisition would create a closer link between Sysco and customers that rely on Restaurant Depot for supplies needed quickly in an industry segment known as “cash-and-carry wholesale.” Sysco, based in Houston, serves more than 700,000 restaurants, hospitals, schools, hotels, supplying them with everything from butter and eggs to napkins. Those goods are
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