Sysco acquires UK-based foodservice distributor
Houston, Texas-based Sysco Corporation has acquired Kent Frozen Foods, a foodservice distributor in the United Kingdom for an undisclosed sum.
Sysco, with sales of more than USD 55 billion (EUR 44.9 billion) in 2016, is a global leader in selling, marketing and distributing food products to foodservice businesses.
Kent Frozen Foods is headquartered in Kent, with distribution facilities in Aylesford, in Kent, and Witney, in Oxfordshire. The company will continue to operate as an independent entity, but will now receive support and assistance from Sysco, according to a press release.
“We are thrilled to be joining the Sysco family,” Kent Frozen Foods CEO Chris Beckley said. “For our business, our colleagues and customers, having the added benefit of support from the world’s largest foodservice company presents an exciting and positive time ahead for all of us.”
The acquisition allows Sysco the opportunity to capitalize on closer working relationships with the company’s other U.K. and European businesses, including Brakes, Fresh Direct and M&J Seafood.
“Kent Frozen Foods will complement Sysco’s other UK businesses perfectly,”Ajoy Karna, Sysco’s senior vice president, international foodservice operations – Europe, said. “Our businesses share many values, including a strong family heritage and customer-led culture and will benefit from complementary strengths in product offering and geography.”
Kent Frozen Foods reported GBP 47 million (USD 65.3 million, EUR 53.4 million) in revenues in 2016.
Karna added, “The management team at Kent Frozen Foods has done a fantastic job building their business, which focuses heavily on independent customers, making it a perfect addition to our portfolio of businesses in the UK. We’re delighted that they and their loyal employees will be joining the Sysco family.”
The acquisition is contingent upon approval from the U.K.’s Competition and Markets Authority.