M&A Deal Summary

Sysco Acquires HFM FoodService

On October 17, 2017, Sysco acquired distribution company HFM FoodService

Acquisition Highlights
  • This is Sysco’s 15th transaction in the Distribution sector.
  • This is Sysco’s 25th transaction in the United States.
  • This is Sysco’s 1st transaction in Hawaii.

M&A Deal Summary
Date 2017-10-17
Target HFM FoodService
Sector Distribution
Buyer(s) Sysco
Deal Type Add-on Acquisition

Target

HFM FoodService

Honolulu, Hawaii, United States
website
HFM FoodService is a wholesale foodservice distributor. HFM provides quality groceries and supplies for foodservice operators across the Hawaiian Islands, Marshall/Marianas, and Guam. HFM FoodService was founded in 1964 and is based in Honolulu, Hawaii.

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Buyer(S) 1

Buyer

Sysco

Houston, Texas, United States

website

Category Company
Founded 1969
Sector Distribution
Employees57,000
Revenue 68.6B USD (2022)
DESCRIPTION
Entrance to Sysco's corporate headquarters in Houston, Texas.
Entrance to Sysco's corporate headquarters in Houston, Texas.

Sysco is a distributor of food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Sysco's family of products also includes equipment and supplies for the foodservice and hospitality industries. Sysco was founded in 1969 and is based in Houston, Texas.

DEAL STATS #
Overall 30 of 36
Sector (Distribution) 15 of 20
Type (Add-on Acquisition) 27 of 33
State (Hawaii) 1 of 1
Country (United States) 25 of 30
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-01 Supplies on the Fly

Kennesaw, Georgia, United States

Supplies on the Fly is an innovative e-commerce platform providing restaurant supplies and equipment. Supplies on the Fly allows Sysco customers to place orders for more than 170,000 products online or by telephone via an e-commerce platform that is fully integrated with Sysco’s business information systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-15 Kent Frozen Foods

Kent, United Kingdom

Kent Frozen Foods Ltd. is a foodservice distributor including cakes, desserts, pizzas and pastries. Kent Frozen Foods Ltd. was established in 1962 and is based in Kent, UK.

Buy -
Mergr

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