M&A Deal Summary

Sysco Acquires Asian Foods

On November 12, 2002, Sysco acquired distribution company Asian Foods

Acquisition Highlights
  • This is Sysco’s 3rd transaction in the Distribution sector.
  • This is Sysco’s 5th transaction in the United States.
  • This is Sysco’s 1st transaction in Maine.

M&A Deal Summary
Date 2002-11-12
Target Asian Foods
Sector Distribution
Buyer(s) Sysco
Deal Type Add-on Acquisition

Target

Asian Foods

St. Paul, Maine, United States
Asian Foods, Inc. is a distributor of food to Asian restaurants from locations in St. Paul and Kansas City, Mo. Asian Foods supplies about 2,000 products to 1,800 customers in 14 states.

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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 6 of 36
Sector (Distribution) 3 of 20
Type (Add-on Acquisition) 5 of 33
State (Maine) 1 of 2
Country (United States) 5 of 30
Year (2002) 3 of 3
PREVIOUS 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 -
FOLLOWING 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 -
Mergr

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