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Sysco, US Foods must narrow gap with rival to clear merger -analysts
2014-12-24 15:01:19| Food - Topix.net
The proposed merger of Sysco Corp and US Foods Inc hinges on the top two U.S. food companies helping to turn a far smaller rival into a national player to ease antitrust concerns, but the gap may be too big, analysts said. Sysco and US Foods, the only two companies with national distribution to hospitals, restaurants and schools, have been discussing the sale of assets such as distribution centers to No.
Sysco Names Greg Keller SYGMA President
2014-12-13 05:18:35| Food - Topix.net
Sysco Corporation announced today that Greg Keller has been appointed president of SYGMA, its Columbus, Ohio-based subsidiary focused on serving chain restaurant customers. Keller will report to Tom Bene, Sysco's president of Foodservice Operations, effective Jan. 1, 2015.
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Sysco Enters Into Partnership With Pacific Star Foodservice of Mexico
2014-11-06 21:25:53| Food - Topix.net
Sysco Corporation , North America's leading foodservice distributor, today announced that it has reached an agreement to buy 50 percent of Pacific Star Foodservice, a leading foodservice distributor in Mexico whose majority equity shareholder is privately-owned Arancia, S.A. de C.V. Financial terms were not disclosed. Pacific Star has operated since 1989 with distribution centers servicing customers in the major metropolitan areas of Mexico City, Guadalajara, Monterrey and Tijuana.
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Sysco Announces 2014 Top Suppliers; Devi Seafood Earns Highest Honor
2014-10-15 23:57:36| Food - Topix.net
Sysco Corporation , North America's leading foodservice distribution company, recently honored its top suppliers as part of the 2014 Sysco Supplier Excellence Awards program. The awards, presented at an industry dinner in Houston, recognize Sysco suppliers' commitment, service and marketplace support by category and area of accomplishment.
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How Will SYSCO (SYY) Stock React to FTC Possibly Blocking its US Foods Deal?
2014-10-14 20:32:14| Food - Topix.net
The FTC is expected to make a decision as to whether or not it will sue to halt the merger that would join together the top two food distributors in the U.S., by the end of October, the Post added. Those opposing the deal believe the merger would give the company too much power, and could result in a hike in prices for meat, produce, and frozen and prepared foods, the Post noted.
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