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Sysco to Acquire Jetro Restaurant Depot for $29.1 Billion
Sysco, the largest broadline food distributor in the US, has agreed to acquire Jetro Restaurant Depot, a leading cash-and-carry food wholesaler, for $29.1 billion, a deal the companies described as "transformative" for both organizations.
The March 30 announcement will see Sysco enter the "high-margin, growing, and resilient" cash-and-carry sector, creating a combined entity with nearly $100 billion in annual revenue and significant expansion opportunities.
Restaurant Depot operates 166 warehouse stores across 35 states, serving over 725,000 independent restaurants...
Teamsters Secure Major Contract Victory for US Foods Drivers Across the South
Following the threat of a strike, more than 200 US Foods drivers across Georgia, North Carolina, South Carolina, Tennessee, and Virginia have overwhelmingly ratified a new four-year collective bargaining agreement.
"We showed US Foods that we would not settle for less," said Glenn Tyler, a driver at US Foods and member of Local 71. "It feels great heading into work knowing we are protected and rewarded under such a strong Teamsters contract."
The workers, represented by Teamsters Locals 61, 71, and 391, won significant gains including wage increases...
McLane Company Expands Restaurant Portfolio with Five New National Customers
McLane Company Inc., one of the nation’s largest distributors in the restaurant and retail industries, announced today the addition of five new restaurant brands to its growing national portfolio: Carl’s Jr., Panera Bread, Steak ‘n Shake, Subway and Wendy’s.
“These new relationships with some of the most beloved brands in America reflect the trust leading restaurant chains place in McLane,” said Susan Adzick, president of McLane Restaurant. “Whether it’s helping a national chain improve service consistency across regions or unlocking growth for a regional brand...
UNFI Warehouse Workers Win Big with New Teamsters Contract
More than 300 warehouse workers at United Natural Foods Inc. (UNFI) have ratified a new five-year contract.
The new agreement was overwhelmingly supported by workers and includes wage increases of up to $8 per hour, along with Teamsters health care coverage and participation in the Teamsters Western Conference Pension Plan.
"This contract is exactly why we joined the Teamsters," said Charles Dowling, a warehouse worker and member of Local 79. "We fought hard for the pay, benefits, and protections we...
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