Sysco Completes Kent Frozen Foods Acquisition

4/3/18

HOUSTON, April 03, 2018 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY), the leading global foodservice distribution company, has completed the acquisition of Kent Frozen Foods (”kff”), a successful U.K.-based foodservice distributor, in a cash transaction for an undisclosed price.

The acquisition, which was approved by the Competition and Markets Authority in March, will see kff join Sysco’s other U.K. businesses, including Brakes, Fresh Direct and M&J Seafood.

“This acquisition is a perfect addition to our portfolio of businesses in the U.K.,” said Sysco senior vice president, International Foodservice Operations – Europe, Ajoy Karna. “We are delighted to welcome kff associates into the Sysco family of companies.”

Kent Frozen Foods will continue to operate as an independent entity, but will now enjoy the support of the world’s largest foodservice company, Sysco, with the opportunity to capitalise on closer working relationships with Sysco’s other U.K. and European businesses, where appropriate.

About Sysco

Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With over 65,000 associates, the Company operates approximately 300 distribution facilities worldwide and serves more than 500,000 customer locations. For fiscal 2017 that ended July 1, 2017, the Company generated sales of more than $55 billion

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