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
Google is planning to significantly expand a carpool service on its navigational app Waze, according to a report in the Wall Street Journal. The move indicates the company is edging closer to a potential clash with ride-hailing service Uber Technologies Inc. Private equity firm Sycamore Partners has won the bankruptcy auction for the e-commerce business and intellectual property of U.S. women's apparel retailer The Limited with a bid of $26.8 million, Reuters reported, citing people familiar with the matter. A U.S. bankruptcy court judge must now approve the sale to Sycamore Partners. French telecommunications operator Orange SA reported Thursday higher net profit in its fiscal year 2016 mainly on income from discontinued operations. Operating income, meanwhile, declined, despite increased revenues. For fiscal 2017, the company projects higher adjusted EBITDA, a key earnings metric.
comments powered by Disqus
Follow RTT