Sysco to acquire Italian specialty distributor
Sysco Corporation, a global foodservice distribution company, announced Friday it has entered into an agreement to acquire Greco and Sons from Arbor Investments and the Greco Family. Greco and Sons is an independent Italian specialty distributor in the United States that operates 10 distribution centers servicing 22 geographies nationwide with approximately $800 million in annual revenue.
Founded in 1990, Greco and Sons imports and distributes a full line of premium quality food and non-food products as well as manufactures value-added specialty meat products. Upon completion of the transaction, Greco and Sons will operate as a standalone division within Sysco, similar to its existing specialty produce and protein businesses. Sysco expects to retain the executive leadership team of Greco and Sons, as well as all current associates.
Sysco acquires Italian specialty distributor
Sysco Corporation, a global foodservice distribution company, announced Friday it has entered into an agreement to acquire Greco and Sons from Arbor Investments and the Greco Family. Greco and Sons is an independent Italian specialty distributor in the United States that operates 10 distribution centers servicing 22 geographies nationwide with approximately $800 million in annual revenue.
Founded in 1990, Greco and Sons imports and distributes a full line of premium quality food and non-food products as well as manufactures value-added specialty meat products. Upon completion of the transaction, Greco and Sons will operate as a standalone division within Sysco, similar to its existing specialty produce and protein businesses. Sysco expects to retain the executive leadership team of Greco and Sons, as well as all current associates.
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HOUSTON, May 20, 2021 (GLOBE NEWSWIRE) Sysco Corporation (NYSE:SYY), the leading global foodservice distribution company, announced today it has entered into an agreement to acquire Greco and Sons, a leading independent Italian specialty distributor in the United States from Arbor Investments and the Greco family. Greco and Sons operates 10 distribution centers servicing 22 geographies nationwide, with approximately $800 million in annual revenue.
Founded in 1990, Greco and Sons imports and distributes a full line of premium quality food and non-food products as well as manufactures value-added specialty meat products. Upon completion of the transaction, Greco and Sons will operate as a standalone division within Sysco, similar to our existing specialty produce and protein businesses. Sysco expects to retain the executive leadership team of Greco and Sons, as well as all current associates.
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