Sysco buys restaurant catering supplier Jetro Restaurant Depot for a whopping $29 Billion: Here's what this means for independent restaurants

US food giant Sysco has agreed to acquire catering supplier Jetro Restaurant Depot for $29 billion, including debt. This strategic move aims to expand Sysco's reach into the price-conscious independent restaurant market and its higher-margin cash-and-carry business.

Key takeaways

Quick scan — what you need to know:

• US food giant Sysco has agreed to acquire catering supplier Jetro Restaurant Depot for $29 billion, including debt.
• This strategic move aims to expand Sysco's reach into the price-conscious independent restaurant market and its higher-margin cash-and-carry business.
• The deal, financed through debt and equity, is expected to close by the third quarter of fiscal 2027.

Background

What led here, in plain terms:

• This strategic move aims to expand Sysco's reach into the price-conscious independent restaurant market and its higher-margin cash-and-carry business.
• The deal, financed through debt and equity, is expected to close by the third quarter of fiscal 2027.

Why it matters

Why readers and decision-makers should care:

• The deal, financed through debt and equity, is expected to close by the third quarter of fiscal 2027.
• US food giant Sysco has agreed to acquire catering supplier Jetro Restaurant Depot for $29 billion, including debt.
• This strategic move aims to expand Sysco's reach into the price-conscious independent restaurant market and its higher-margin cash-and-carry business.