SYY - Sysco Announces Plans to Acquire Leading Equipment & Supplies Distributor Edward Don & Company | Benzinga
HOUSTON, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) announced today it has agreed to acquire Edward Don & Company (DON), a leading distributor of foodservice equipment, supplies, and disposables based in Chicago, IL. Founded in 1921, DON generates approximately $1.3 billion in annual revenue, servicing a broad range of restaurant, foodservice, and other customers across the United States.
This acquisition will allow Sysco to add strategic new capabilities and diversified offerings to complement its existing business and create a specialty Equipment and Supplies platform that will provide better selection and service to customers. Specifically, DON will bring:
- A broad distribution footprint with over 1.4 million square feet of distribution centers and office space in key U.S. geographies,
- A dedicated and experienced field sales team focused on equipment and supplies, and
- Design and build capabilities that complement our existing business.
Upon completion of the transaction, DON will operate as a standalone specialty division within Sysco. In addition, Sysco expects to retain the leadership ...