Sysco Announces Agreement to Acquire The Coastal Companies, a Leading Fresh Produce Distributor
Sysco Corporation (NYSE: SYY), the leading global foodservice distribution company, announced today it has entered into an agreement to acquire The Coastal Companies, a leading fresh produce distributor and value-added processer, from Continental Grain Company. Upon completion of the transaction, the acquisition will operate as part of FreshPoint, Sysco’s specialty produce business. The acquisition will create a strong FreshPoint presence in the Mid-Atlantic region, provide significant value-added manufacturing capabilities and further diversify Sysco’s produce specialty business. …
