logo
Share SHARE
FONT-SIZE Plus   Neg

Sysco To Buy European Imports

Sysco Corp. (SYY) said Wednesday that it has reached an agreement to buy Chicago-based European Imports, Ltd.

The acquisition is expected to be completed in the coming weeks.

European Imports, a full-line specialty food distributor to the central United States with concentration in the Midwest, Texas, Arizona, Colorado and Atlanta, had annualized sales of $124 million in its most recent fiscal year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The month of May saw the FDA greenlight 5 new drugs, including 1 new molecular entity, and surprisingly turn down 1 drug candidate, whose approval was considered a no-brainer by some experts. Lab equipment maker Thermo Fisher Scientific Inc. has agreed to acquire electron microscope maker FEI Co. for about $4.2 billion in cash, the two companies said Friday. Thermo Fisher noted that FEI's electron microscopy platform will complement its own mass spectrometry systems to accelerate advancements in structural biology. While reporting a wider loss for the first quarter, Sears Holdings Corp. said it has decided to "aggressively evaluate" all potential alternatives for its top brands - Kenmore, Craftsman and DieHard or KCD, and the Sears Home Services or SHS businesses. Sears has retained Citigroup Global Markets and LionTree Advisors to assist in its efforts.
comments powered by Disqus
Follow RTT