Sysco to Buy Food Service Distributor Edward Don & Co.
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Sysco Corp. is to buy Chicago-based food service equipment and supplies distributor Edward Don & Co. for an undisclosed sum, the S&P 500 member said.
Sysco ranks No. 3 on the Transport Topics Top 100 list of the largest private carriers in North America. The company ranks No. 1 on the TT food service carriers list.
Acquiring Edward Don, which was founded in 1921 and generates around $1.3 billion in annual revenue, is a key cog in plans to expand Sysco’s equipment and supplies operations, the company said Oct. 11.
The deal is set to add “strategic new capabilities and diversified offerings” and allow Sysco to create a specialty equipment and supplies platform, it said.
Edward Don operates more than 1.4 million square feet of distribution center and office space and brings a dedicated equipment and supplies field sales team to Sysco’s operations, it added.
After the deal goes through, Edward Don will operate as a stand-alone specialty division within Sysco, which plans to retain the leadership team of the company it is buying, as well as all current employees.
Houston-based Sysco operated 9,345 tractors, 10,565 trailers and 1,885 trucks at the end of 2022, according to TT data.
Meanwhile, Sysco said Oct. 12 it began breaking ground on a 353,600-square-foot facility in Arizona to be known as Sysco Arizona East. The facility is expected to cost $102 million to build, with construction scheduled to be completed by 2025.
Sysco Arizona East will create 257 new jobs with an average salary of $68,000 per year, which the company said was nearly double the per capita median income in Arizona.
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