Sysco Completes Kent Frozen Foods Acquisition

HOUSTON, April 03, 2018 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY), the leading global foodservice distribution company, has completed the acquisition of Kent Frozen Foods (”kff”), a successful U.K.-based foodservice distributor, in a cash transaction for an undisclosed price.

The acquisition, which was approved by the Competition and Markets Authority in March, will see kff join Sysco’s other U.K. businesses, including Brakes, Fresh Direct and M&J Seafood. 

“This acquisition is a perfect addition to our portfolio of businesses in the U.K.,” said Sysco senior vice president, International Foodservice Operations – Europe, Ajoy Karna. “We are delighted to welcome kff associates into the Sysco family of companies.”

Kent Frozen Foods will continue to operate as an independent entity, but will now enjoy the support of the world’s largest foodservice company, Sysco, with the opportunity to capitalise on closer working relationships with Sysco’s other U.K. and European businesses, where appropriate. 

About Sysco

Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With over 65,000 associates, the Company operates approximately 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 or connect with Sysco on Facebook at www.facebook.com/SyscoCorporation or Twitter at https://twitter.com/Sysco.  For important news and information regarding Sysco, visit the Investor Relations section of the company's Internet home page at www.investors.sysco.com, which Sysco plans to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information.  Investors should also follow us at www.twitter.com/SyscoStock and download the Sysco IR App, available on the iTunes App Store and the Google Play Market. In addition, investors should continue to review our news releases and filings with the Securities and Exchange Commission. It is possible that the information we disclose through any of these channels of distribution could be deemed to be material information.

Investor Contact:      
Neil Russell    
T +1 281-584-1308
           
Media Contact:         
Camilla Zuckero
T +1 281-899-1839
[email protected]

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