big deals

Sysco Buying US Foods for $3.5 Billion

The juggernaut should be up and running next year.

The juggernaut should be up and running next year.Photo: US Foods; Sysco

The world's largest restaurant and institutional food-distribution company is buying the second-biggest supplier-giant fish in the pond for $3 billion in stock and $500 million in cash, Dealbook reports. Sysco and US Foods are the folks who deliver pallets of frozen fries and oceans and canned ketchup to restaurants and caf├ęs, chain and otherwise, across the country. The transaction will first have to clear regulatory approval, but once it does, the move will result in a very large company serving a lot more than a half-million customers. [Dealbook/NYT]

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