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Sysco to Deploy 800 Electric Trucks by 2026 for U.S. Customers

Food distribution giant Sysco signed a Letter of Intent (LOI) with truck manufacturer Daimler Truck North America (DTNA) to deploy nearly 800 battery-electric trucks set to serve Sysco customers by 2026, both companies announced jointly on May 19.

"Sysco is committed to making meaningful investments to support achievement of our climate goals, including those that encourage the development of electric tractors and trailers. We are eager to partner with a like-minded industry leader like Daimler Truck North America to deploy battery electric trucks nationwide,” said Marie Robinson...

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May 20 8:06 AM, SeafoodNews



Sysco Completes Acquisition of the Coastal Companies

Sysco Corporation, the leading global foodservice distribution company, announced today it has completed the acquisition of The Coastal Companies, a leading fresh produce distributor and value-added processer. The acquisition will operate as part of FreshPoint, Sysco’s specialty produce business, and enables FreshPoint to enhance its service to the important Mid-Atlantic region, strategically diversify its portfolio by adding retail and ready-to-eat capabilities and adds state-of-the-art facilities with capacity for growth.

Founded in 1992 and based in Laurel, MD, The Coastal Companies generates annual revenue of approximately...

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Feb 14 9:44 AM, General News


Sysco Announces their Commitment to Reduce Emissions by 2030, Leading U.S. Foodservice Distribution 

Sysco Corporation, the leading global foodservice distribution company, announced today it has set an ambitious, industry-leading climate goal to reduce emissions across its global operations and the company’s entire value chain.

Sysco’s new science-based emissions reduction target aligns with the Paris Agreement and is an integral part of the company’s roadmap to reducing its carbon footprint over the next decade. The company is pursuing validation of the goal by the Science-Based Targets initiative and aims to:

- Reduce its Scope 1 and 2 emissions by...

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Nov 24 8:29 AM, General News


Sysco Delivers Strong First Quarter Results; Reiterating Fiscal Year 2022 Guidance

Sysco Corporation today announced financial results for its 13-week first fiscal quarter ended October 2, 2021.

Key highlights for the first quarter of fiscal year 2022:

- Strong sales growth of 8% compared to 2019 levels, with meaningful market share gains;
- October sales growth of 10% compared to 2019 levels, continuing Q1 sequential sales improvement;
- Generated EBITDA comparable to pre-COVID 2019 levels;
- Inflation effectively managed, despite the dynamic supply chain environment;
- Gross profit per case increases across all segments;
- Sysco’s Recipe for Growth strategy advances; and
- International operations...

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Nov 9 9:07 AM, General News


Sysco Offers New and Innovative Products For Fall 2021 Through Cutting Edge Solutions Platform

Sysco Corporation, the leading global foodservice distribution company, announced today the nationwide launch of eight innovative concepts exclusively for Sysco customers through the company’s Cutting Edge Solutions platform. These chef-tested and exclusive products provide foodservice operators with on-trend menu options such as plant-based ingredients as well as innovative to-go solutions that will help them stand out in the ever-evolving foodservice environment.

“Our Cutting Edge Solutions platform helps our customers stay on-trend and ahead of the competition with new and..."

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Sep 27 8:02 AM, General News


Sysco Announces Changes to the Board of Directors

Sysco Corporation, the leading global foodservice distribution company, today announced that Nelson Peltz, chief executive officer and a founding partner, and Joshua D. Frank, partner and co-head of research, of Trian Fund Management, L.P. (“Trian”), have informed the Company that they are stepping down from the Board. Peltz and Frank indicated that the decision to step down was driven by their confidence in Sysco’s leadership, business transformation and continued operating momentum. Peltz and Frank have served on the Board since August 2015 and have made significant contributions to the Company’s business...

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Aug 23 10:02 AM, General News


Sysco Delivers Robust Fourth Quarter Results and Raises FY22 Guidance Driven by Accelerating Sales

Sysco Corporation announced financial results for its 14-week fourth fiscal quarter and its fiscal year ended July 3, 2021.

Key highlights for the fourth quarter of fiscal year 2021 included:

- Sales were stronger than expected;
- Share gains continue, driven by new customer wins;
- Sysco’s Recipe for Growth strategy advances;
- Inflation effectively managed;
- Cash flow stronger than expected, even with significant inventory investments;
- International operations show...

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Aug 10 9:17 AM, General News


Sysco Partners with SAVRpak to Ensure Meals Stay Fresh and Crisp in Transit

Sysco Corporation announced an exclusive partnership that will deliver SAVRpak’s patented food preservation technology to independent and local chain restaurants nationwide. Through their agreement, Sysco will add SAVRpak “freshness packs” to its Cutting Edge Solutions platform, making this technology immediately available to order.

Developed by an aerospace engineer, SAVRpak is a frozen, peel-and-stick patch that removes moisture from the air of a food container, thereby keeping it away from the meal and...

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Jul 27 10:38 AM, General News


Sysco Announces Agreement to Acquire Greco and Sons

Sysco Corporation announced it has entered into an agreement to acquire Greco and Sons, a leading independent Italian specialty distributor in the United States from Arbor Investments and the Greco family. Greco and Sons operates 10 distribution centers servicing 22 geographies nationwide, with approximately $800 million in annual revenue.

Founded in 1990, Greco and Sons imports and distributes a full line of premium quality food and non-food products as well as manufactures value-added specialty meat products. Upon completion of the transaction, Greco and Sons will operate as a standalone division within Sysco, similar to...

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May 24 8:21 AM, General News







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