M&A Deal Summary

Sysco Acquires J&B Foodservice

On March 28, 2003, Sysco acquired food company J&B Foodservice from Colorado Boxed Beef

Acquisition Highlights
  • This is Sysco’s 3rd transaction in the Food sector.
  • This is Sysco’s 6th transaction in the United States.
  • This is Sysco’s 1st transaction in Florida.

M&A Deal Summary

Date 2003-03-28
Target J&B Foodservice
Sector Food
Buyer(s) Sysco
Sellers(s) Colorado Boxed Beef
Deal Type Divestiture

Target

J&B Foodservice

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

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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 7 of 36
Sector (Food) 3 of 13
Type (Divestiture) 2 of 3
State (Florida) 1 of 5
Country (United States) 6 of 30
Year (2003) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-12 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-04-07 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.

Buy -

Seller(S) 1

SELLER

Colorado Boxed Beef

Lakeland, Florida, United States

Category Company
Founded 1975
Sector Food
DESCRIPTION

Colorado Boxed Beef is a distributor of refrigerated and frozen products. Company supply to customers with the finest beef, pork, poultry, lamb, veal, seafood, cheese, vegetables, lunch meat, and a variety of dry products. Colorado Boxed Beef was founded in 1975 and is based in Lakeland, Florida.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2003) 1 of 1