Sysco To Acquire Crossgar Foodservice

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6/12/2012 12:05 PM ET

Sysco Corp. (SYY: Quote) Tuesday said it signed an agreement to acquire Crossgar Foodservice, through its subsidiary, Pallas Foods. Financial details of the transaction were not disclosed.

The acquisition will expand Sysco's presence on the island of Ireland. It acquired Pallas Foods in 2009. Both Crossgar Foodservice and Pallas Foods will retain their existing brand identities, and management teams at the two companies will remain in place.

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