Acquisition boosts Sysco export capabilities

Oct. 1, 2004
Sysco Corp, the Houston TX-based foodservice marketer and distributor, has acquired International Food Group Inc (IFG). Terms of the transaction were

Sysco Corp, the Houston TX-based foodservice marketer and distributor, has acquired International Food Group Inc (IFG). Terms of the transaction were not disclosed.

IFG, based in Plant City FL, is a leading distributor of foodservice products to chain restaurants in international markets. Operating from a 75,000-square-foot facility, its 40 employees supply products to quick-service restaurants in the Caribbean, Central America, South America, Europe, Asia, and the Middle East. The company generated $77.8 million in sales in 2003.

Richard J Schnieders, Sysco chairman and chief executive officer, said, “This is another step toward establishing a Sysco presence in foodservice markets outside of North America.”

Joseph Blancato, who founded IFG in 1993, will remain as chairman, and Berry Wright, a nine-year veteran of the firm, will serve as president.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

The Road Ahead: 2025 Trucking and Fleet Insights

Discover how fleet operators are impacted by challenges like driver onboarding delays and complex compliance, and the critical need for technology to boost efficiency and cut ...

Driving Growth: How to Manage More Freight

Ready to grow your trucking business? Whether you have 25 or 200 trucks, this guide offers practical tips and success stories to help you expand with confidence. Discover how ...

How to Maximize Fleet Management with Vehicle Bypass

Join us on February 18th to learn how truck weigh station bypass systems boost fleet performance and driver satisfaction.

Optimizing your fleet safety program using AI

Learn how AI supports fleet safety programs with tools for compliance monitoring, driver coaching and incident analysis to reduce risks and improve efficiency.