The story
Founded by Harry Rosenthal, Herbert Irving and John F. Baugh in 1969.1
Founding and early history
In 1966, Zero Foods owner John Baugh initiated discussions with the leaders of eight other food distribution companies about the prospect of forming one large corporation. The nine companies agreed to terms and formed Sysco in May 1969. At the time of the merger, the total sales of the nine companies were approximately US$115 million (equivalent to $0.8 billion in 2024). In March 1970, Sysco held its initial public offering.
Sysco made its first acquisition in 1970, purchasing Arrow Foods Distributor. Between 1970 and 1980, the company continued to grow through the acquisition of 25 small food distributors. It also expanded its trucking fleet and constructed refrigerated warehouses for food storage.
In 1980, Sysco recorded $1.2 billion (equivalent to $3.8 billion in 2024) in annual revenue. The following year, it moved its stock from the American Stock Exchange to the New York Stock Exchange. In 1985, Sysco was described in a New York Times report as "the nation's leading food service marketing and distribution company."
Acquisitions and expansion
In 1988, Sysco achieved nationwide coverage through its acquisition of the food distributor CFS Continental. By 1996, Sysco was the third-largest company in Houston and had over 30,000 employees. Sysco acquired Newport Meat in 1999, which at the time had sales of approximately $100 million per year. This was the company's first acquisition of a California company. Sysco's annual sales in 1995 were $12 billion (equivalent to $22 billion in 2024), increasing by 2000 to $19 billion (equivalent to $33 billion in 2024). In 2002, Sysco expanded into the Canadian market by purchasing SERCA Foodservices for $278 million. SERCA's business was similar to Sysco's, with the Canadian company supplying food products and foodservice supplies to approximately 80,000 customers at the time of the acquisition. The following year, Sysco acquired Asian Foods, which was then the largest Asian food distribution company in North America. In 2009, Sysco made its first acquisition outside of North America, buying the Irish food distributor Pallas Foods. Further expanding its footprint in Ireland, Sysco purchased the food distributor Crossgar Foodservice for an undisclosed amount in 2012. In December 2012, Sysco acquired American companies Appert's Foodservice, Buchy Food Service and Central Seafood Company, and the Distagro food service division of Canadian supermarket chain Metro-Richelieu Inc.
On December 9, 2013, Sysco announced they were planning to acquire US Foods, their closest competitor, for a total of $3.5 billion. However, on June 23, 2015, US Federal Judge Amit Mehta ruled that the combined Sysco-US Foods would control 75% of the U.S. food service industry and would stifle competition. As a result, on June 29, 2015, Sysco terminated its merger with US Foods.
In February 2016, Sysco announced that it was purchasing the British company Brakes for $3.1 billion. At the time, Brakes was serving about 50,000 restaurants, hotels, and schools across Europe. In October 2017, Sysco acquired HFM FoodService, and later changed its name to Sysco Hawai'i in 2019. With continued acquisitions and general growth, Sysco's annual revenue continued to increase, from 2012 sales of $39 billion (equivalent to $53 billion in 2024) to 2017 sales of $55 billion (equivalent to $69 billion in 2024).
In February 2018, Sysco acquired Doerle Food Services, a Louisiana-based foodservice. In March 2018, Sysco acquired Kent Frozen Foods. In 2020, Sysco acquired a 50% stake in Pacific Star Foodservice.
In May 2021, Sysco acquired Greco and Sons, a distributor of Italian specialty food products. In the September the same year, Sysco acquired Medina Foodservice. In November 2021, FreshPoint, a division of Sysco, acquired Paragon Foods. Later that year, Sysco purchased the fresh produce distributor The Coastal Companies for the purpose of supplementing both its fleet and its specialty produce business. In October 2023, Sysco announced that it was purchasing Edward Don & Company, a food service supplies and equipment distributor. This acquisition gave the company additional office and distribution space, as well as the ability to design and build kitchens for its customers.
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Announced in December 2024, Sysco Ireland acquired Ready Chef Ltd. for €7.59 million in 2024.
In October 2024, Sysco acquired Scotland-based meat and fish supplier, Cambell's Prime Meat.
In March 2026, Sysco contracted to acquire Jetro Restaurant Depot LLC, for $29.1 billion, including debt. Jetro reported $2.1 billion in earnings from $16 billion in revenue in 2025. The acquisition is expected to close prior to Sysco's March 2027 year-end, with Jetro shareholders to receive $21.6 billion in cash and 91.5 million shares, about 16% of Sysco's stock.
From Wikipedia’s article on Sysco, shared under CC BY-SA 4.0.9