Sysco Great Britain recently acquired Campbells Prime Meat, a distributor of meat, fish, and deli products in Scotland and online across the U.K.
Linlithgow, U.K.-based Campbells Prime Meat, which has been in business for over 100 years, will strengthen Sysco’s presence in Scotland and provide Campbell’s Prime Meat with access to a wider market, Sysco GB said in a statement per Scottish Financial News.
Sysco did not disclose the financial details of the acquisition.
“[Campbell’s is] a great business with a fantastic reputation for producing high-quality meat, fish, and deli items, combined with exceptional levels of service and championing independent customers in Scotland,” Sysco GB CEO Paul Nieduszynski said.
Though no financial details have been disclosed, Campbells has confirmed it will continue to operate as a separate business post-acquisition.
“Over the past century, we’ve worked tirelessly to build a reputation as the leading catering butcher in Scotland, and we’ve been impressed at how Sysco wants to support and encourage us to continue that journey,” Campbells CEO Christopher Campbell said. “With the additional route to market that Sysco offers, we can bring our quality meat, fish, and deli products to an entirely new audience. We are very much looking forward to an exciting new phase in the company’s development.”
The acquisition comes as Sysco Great Britain’s parent company, Houston, Texas, U.S.A.-based Sysco Corp., reported its global sales increased 4.4 percent to USD 20.5 billion (EUR 18.9 billion) year over year in its first fiscal quarter of 2025, which ended 28 September. The U.S. foodservice giant’s sales by volume climbed 2.7 percent in the period.
Overall gross profit increased 2.9 percent to USD 3.8 billion (EUR 3.5 billion), while the firm’s EBITDA inclined 3.4 percent to USD 1 billion (EUR 921 million) and adjusted EBITDA increased 4.4 percent to USD 1.1 billion (EUR 1 billion).
The increase in gross profit was primarily driven by positive sales volumes and effective management of product cost inflation, Sysco said.
“Sysco’s financial performance for the quarter included top- and bottom-line growth, delivering sales growth across segments,” Hourican said.
The increases can be attributed to “a strong pipeline of investments and initiatives,” said Sysco Chief Financial Officer Kenny Cheung, adding that the company is confident in its full year guidance of sales growth of 4 percent to 5 percent and adjusted earnings per share growth of between 6 percent and 7 percent.
“We remain on track to accelerate local volume growth and margins in the second half of the year, with an improving pipeline. We are confident in delivering our plan,” Hourican added.
As a wholesaler to restaurants and other businesses, Sysco has weathered the storm the U.S. restaurant industry has experienced this year, which has included decreased foot traffic, more consumers deciding to eat at home, and bankruptcies announced by several large chains.
