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Sysco moves into high-growth cash-and-carry market with massive $29.1B Jetro acquisition

Sysco Corp. (SYY) has agreed to acquire Jetro Restaurant Depot, a cash-and-carry wholesaler catering to smaller foodservice operators, in a deal valued at roughly $29.1 billion. As part of the deal, ...
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This food stock just clinched a $29 billion deal. But it’s giving Wall Street indigestion.

Sysco has agreed to buy Jetro Restaurant Depot in a $29.1 billion deal that will see the food distributor enter the “cash and carry” wholesale business. Restaurant Depot shareholders will receive ...