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Sysco and US Foods Still Reeling From Merger Collapse
Both distribution companies are busy once again
Sysco Corp and US Foods Inc., have been trying to put their botched merger behind them. The two distribution giants have had a number of acquisitions since then to make up for lost time. Sysco recently bought North Star Seafood Inc., and US Foods acquired Massachusetts-based Cara Donna Provision Co.
Along with these acquisitions, the companies have evolved their businesses. Sysco announced a three-year plan to reduce its workforce by 2 percent and US Foods filed a registration statement for an initial public offering.
“This period over the past couple of years was a pretty big distraction for both companies. So many things were put on hold due to the merger discussion,” Bob Sala, an industry consultant and former founder and CEO at Distribution Market Advantage. “What you’re seeing now is that both companies are getting back to the basics of broad line distribution.”
Sala went on to say these acquisitions were designed to help the companies rebuild after the merger collapsed.
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About the Author
Nick Powills
FollowNick Powills, CFE, founded No Limit Agency in 2008 and serves as Chief Brand Strategist for the Chicago-based firm. No Limit is a full-service communications agency that establishes and elevates brands by bridging Public Relations, Social Media, Marketing, Advertising, Digital, and a lot of creativity, to best strategize well-rounded and successful campaigns for 50+ global franchise brands. By presenting visionary ideas and building real relationships, No Limit is able to create effective media branding strategies to help companies grow. Nick currently leads a staff of writers, media strategists, designers, social media experts and digital producers in an office think-tank where brands are humanized for strong, compelling media stories. Prior to starting No Limit at the age of 27, Nick spent four years working at a franchise PR agency where he mastered the art of building rapport with media outlets and creating newsworthy pitches for earned media placements. He holds a Bachelor of Journalism from Drake University in Iowa.
