Sysco Corporation (NYSE:SYY) has signed a definitive agreement to acquire Kent Frozen Foods, a successful United Kingdom-based foodservice distributor with revenue of £47 million in the year ended December 31, 2016.
The acquisition, which is conditional upon approval from the Competition and Markets Authority, will see Kent Frozen Foods join Sysco’s other UK businesses, including Brakes, Fresh Direct and M&J Seafood.
“Kent Frozen Foods will complement Sysco’s other UK businesses perfectly,” said Ajoy Karna, Sysco’s senior vice-president, International Foodservice Operations–Europe. “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.
“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,” said Karna. “We’re delighted that they and their loyal employees will be joining the Sysco family.”
Kent Frozen Foods is headquartered in Kent, with distribution facilities in Aylesford (Kent) and Witney (Oxfordshire). It will continue to operate as an independent entity, but will enjoy the support of Sysco, with the opportunity to capitalize on closer working relationships with Sysco’s other UK and European businesses.
With more than 65,000 associates, Sysco operates about 300 distribution facilities worldwide and serves more than 500,000 customer locations. For fiscal 2017 that ended July 1, 2017, the company generated sales of more than $55 billion.
For more information, visit www.sysco.com.
