Profile: Sysco Corp (SYY.N)
6 Dec 2013
Sysco Corporation (Sysco),incorporated on May 8, 1969, along with its subsidiaries and divisions, is a North American distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company provides products and related services to approximately 425,000 customers, including restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers. Sysco provides food and related products to the foodservice or food-away-from-home industry. The Company has aggregated its operating companies into a number of segments, of which only Broadline and SYGMA are the main segments. Broadline operating companies distribute a line of food products and a variety of non-food products to their customers. SYGMA operating companies distribute a line of food products and a variety of non-food products to chain restaurant customer locations. On October 3, 2012, the Company acquired Keelings Foods. In January 2013, the Company acquired Appert's Foodservice, Minn. Buchy Food Service, Ohio Central Seafood Company, Fla. Distagro and Metro Richelieu Inc.
The Company’s other segments include its specialty produce, custom-cut meat and lodging industry products segments and a company that distributes to international customers. Specialty produce companies distribute fresh produce and, on a limited basis, other foodservice products. Its lodging industry products company distributes personal care guest amenities, equipment, housekeeping supplies, room accessories and textiles to the lodging industry. Sysco’s customers in the foodservice industry include restaurants, hospitals, schools, hotels, industrial caterers and other similar venues where foodservice products are served.
The products the Company distributes include a line of frozen foods, such as meats, fully prepared entrees, fruits, vegetables and desserts; full line of canned and dry foods; fresh meats; dairy products; beverage products; imported specialties, and fresh produce. Sysco also supplies a variety of non-food items, including paper products, such as disposable napkins, plates and cups; tableware, such as china and silverware; cookware, such as pots, pans and utensils; restaurant and kitchen equipment and supplies, and cleaning supplies. No single customer accounted for 10% or more of Sysco’s total sales during fiscal year ended June 29, 2013.
1390 Enclave Parkway
HOUSTON TX 77077