M&A Deal Summary

Sysco Acquires SERCA Foodservice

On April 1, 2002, Sysco acquired distribution company SERCA Foodservice from Sobeys

Acquisition Highlights
  • This is Sysco’s 1st transaction in the Distribution sector.
  • This is Sysco’s 1st transaction in Canada.
  • This is Sysco’s 1st transaction in Alberta.

M&A Deal Summary
Date 2002-04-01
Target SERCA Foodservice
Sector Distribution
Buyer(s) Sysco
Sellers(s) Sobeys
Deal Type Divestiture

Target

SERCA Foodservice

Calgary, Alberta, Canada
SERCA Foodservice is a provider in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries.

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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 4 of 36
Sector (Distribution) 1 of 20
Type (Divestiture) 1 of 3
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2002) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-03-15 Guest Supply

Monmouth Junction, New Jersey, United States

Guest Supply LLC is a personal care amenities and other hotel operating supplies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-15 Abbott Foods

Columbus, Ohio, United States

Abbott Foods, Inc. is an independently owned broadline foodservice distributor.

Buy -

Seller(S) 1

SELLER

Sobeys

Stellarton, Nova Scotia, Canada

website

Category Company
Founded 1907
Sector Retail
DESCRIPTION

Sobeys, Inc. is an own and operator of more than 1,500 stores in all 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton’s Drug Stores as well as more than 330 retail fuel locations.

DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2002) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 SERCA Foodservice

Calgary, Alberta, Canada

SERCA Foodservice is a provider in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Achille de la Chevrotière Ltée

Rouyn-Noranda, Quebec, Canada

Achille de la Chevrotière Ltée is a retailer of food products. Achille de la Chevrotière Ltée is based in Rouyn-Noranda, Quebec.

Buy -
Mergr

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