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News Breaks
February 4, 2013
10:43 EDTSYYSysco says sees modest increase in inflation in 2H
Says cautious about giving quarter to quarter guidance. Says looks to maintain gross profit dollar growth in 2H.
News For SYY From The Last 14 Days
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November 19, 2014
08:07 EDTSYYSysco raises quarterly dividend to 30c per share from 29c per share
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November 14, 2014
07:32 EDTSYYHayman Capital gives quarterly update on stakes
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November 6, 2014
14:29 EDTSYYSysco in pact with Mexico's Pacific Star Foodservice
Sysco announced that it has reached an agreement to buy 50% of Pacific Star Foodservice, a leading foodservice distributor in Mexico whose majority equity shareholder is privately-owned Arancia, S.A. de C.V. Financial terms were not disclosed. Pacific Star has operated since 1989 with distribution centers servicing customers in the major metropolitan areas of Mexico City, Guadalajara, Monterrey and Tijuana. It primarily services chain accounts, including fast food and casual dining restaurants, casinos, theme parks, movie theaters and hotels throughout Mexico. Pacific Star is Sysco's second Latin America market investment in 2014. In June, Sysco acquired a 50% ownership stake in Mayca Distribuidores, S.A., a leading foodservice distributor in Costa Rica.As of October, Pacific Star had 534 employees. All, including the management team, will remain in place at the closing of the transaction."We are pleased to reach this agreement to become joint partners with Sysco, North America's leader in foodservice distribution," said Armando Beltrán, CEO of Pacific Star. "Pacific Star's customers and employees will benefit from the operational expertise, product assortment and immense world-class capabilities that Sysco can offer."

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