Back in 2013, food service giant Sysco proposed a purchase of another foodservice giant, US Foods. After a lengthy engagement, Sysco ultimately dropped the attempted merger, which the Federal Trade Commission wasn’t keen on. Instead of being acquired by a rival, now US Foods wants to hold an initial public offering of its stock to raise more money. [More]
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Sysco Drops Bid To Buy U.S. Foods, Plan To Create Foodservice Supply Voltron
By 6.29.15
After months of battling with federal regulators – including contentious meetings, a lawsuit and a federal injunction – food distributor Sysco has dropped its plan to merge with rival U.S. Foods. [More]
Sysco And FTC Fight Over Proposed Merger, Food Service Voltron
By 5.5.15
The Federal Trade Commission and commercial food supplier Sysco are meeting in court today over Sysco’s right to acquire its next biggest national competitor, US Foods. Does America need a food service Voltron? Sysco is defending its proposed acquisition, but the FTC stands against it. Arguments in federal court started today, and could last for more than a week. [More]
FTC Challenges Sysco Acquisition Of US Foods
By 2.19.15
Sysco’s in-person meetings with the Federal Trade Commission didn’t have the desired effect. The foodservice supply giant wanted approval for its planned acquisition of competitor U.S. Foods, but the FTC thinks that Sysco wants to gobble up too much of the market. The commissioners voted 3-2 to block the merger. [More]
Sysco Meets With FTC Over Foodservice Voltron Proposal
By 2.12.15
Way back in 2013, we shared the news that Sysco, the country’s biggest supplier to restaurants and other food-service facilities, wanted to acquire its next-biggest competitor, US Foods. Yet the Federal Trade Commission still hasn’t come to a decision about that proposal. FTC officials don’t agree on the question of whether Sysco plans to sell enough of its business to make sure the restaurant supply business stays competitive. [More]
