Sysco to Acquire US Foods

Sysco Corp. will buy US Foods, Inc., for about $3.5 billion from its private equity owners in a deal that will combine the top two U.S. foodservice distribution firms.

Sysco Corp. will buy US Foods, Inc., for about $3.5 billion from its private equity owners in a deal that will combine the top two U.S. foodservice distribution firms and create a company with annual revenues of around $65 billion, more than a quarter of the $235 billion North American market, reports Reuters. Sysco will also assume debt of about $4.7 billion in the deal.

Sysco CEO Bill DeLaney in a conference call with analysts said Sysco now has an 18 percent share of the market, wh

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