The done deal includes A-One-A Produce & Dairy, Inc., Pompano Beach, FL, the largest fresh produce distributor in south Florida. It provides a full-line of fresh fruit, vegetable and dairy products to customers throughout south Florida including multi-unit and independent restaurants, cruise lines, export accounts, airline caterers, hotels, retail outlets and business and industry locations.
The company also announced that FreshPoint has entered into a definitive agreement to acquire Incredible Fresh Produce, a distributor of fresh produce servicing southwest Florida.
Sysco did not disclose terms of the transactions, which are the fourth and fifth acquisitions by FreshPoint in 2005. Sysco Corp. acquired four broadliners this year, with Western Foods being the latest. The addition of the produce specialists will increase FreshPoint's distribution network in North America to 25 locations.
Brian M. Sturgeon, vice president of Sysco and president of FreshPoint, said the produce subsidiary would continue to seek strategic acquisitions to enhance its market presence in order to remain the preferred produce supplier for foodservice operators across North America.
Founded in 1987, A-One-A Produce & Dairy is led by Jonathan Lasko president and ceo, who will continue to serve in that capacity. A-One-A Produce & Dairy employs 265 associates and operates from a 70,000-sq.-ft. warehouse. For the calendar year ended Dec. 31, 2004, the company generated sales of $90.8 million.
Incredible Fresh Produce, located in Fort Myers, FL, was founded in 1989 and services foodservice operations throughout the southwestern Florida market, a region that FreshPoint currently services from its Miami and Tampa companies. Upon completion of the acquisition, that company will lease and operate from a new 27,000-sq.-ft. facility in Ft. Myers to better serve existing and potential customers.
Richard J. Schnieders, Sysco's chairman, ceo and president, said, "The addition of these two companies will advance our strategic objective of broadening the reach of our FreshPoint subsidiary and securing its place as Florida's leading produce supplier to foodservice operations."
Sturgeon added, "These customer service-oriented operations will further benefit FreshPoint's customers, the Sysco broadline companies and our four existing FreshPoint operations in Florida through more localized distribution capabilities and enhanced product offerings. Both operations are very strategic fits, with A-One-A enhancing our presence in the south Florida market and Incredible Fresh Produce expanding our reach in southwestern Florida."
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