M&A Deal Summary

Sysco Acquires Reed Distributors

On April 7, 2003, Sysco acquired retailer Reed Distributors

Acquisition Highlights
  • This is Sysco’s 1st transaction in the Retail sector.
  • This is Sysco’s 7th transaction in the United States.
  • This is Sysco’s 2nd transaction in Maine.

M&A Deal Summary
Date 2003-04-07
Target Reed Distributors
Sector Retail
Buyer(s) Sysco
Deal Type Add-on Acquisition
Advisor(s) Consilium Partners LLC (Financial)

Target

Reed Distributors

Lewiston, Maine, United States
Reed Distributors, Inc. is a distributor of disposable paper goods and ice cream cones and toppings through the internet for the paper and janitorial supply industry.

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Buyer(S) 1

Buyer

Sysco

Houston, Texas, United States
Category Company
Founded 1969
Sector Distribution
Employees72,000
Revenue 76.3B USD (2023)
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 food service and hospitality industries. Sysco was founded in 1969 and is based in Houston, Texas.

DEAL STATS #
Overall 8 of 36
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 6 of 33
State (Maine) 2 of 2
Country (United States) 7 of 30
Year (2003) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-28 J&B Foodservice

Auburndale, Florida, United States

J&B Foodservice purchases, warehouses, and distributes beef, pork, lamb, poultry, fish, and select dairy products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-19 Smart & Final - Food Service Business

United States

Smart & Final - Food Service Business operates 56 non-membership stores for food and foodservice supplies companies.

Buy -
Mergr

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