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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...
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