Sysco Corp. said it has agreed to buy restaurant supplier Edward Don & Co. with the intent of establishing a new operation focused on specialty equipment and supplies.
The price and other transaction details were not disclosed.
Edward Don sells and distributes a broad range of equipment, from ranges to rotisseries. It is also a major supplier of disposable to-go packaging.
The company generates about $1.3 billion in annual revenues from restaurants and other foodservice facilities, according to Sysco.
The buyer said Wednesday in announcing the deal that Edward Don will function as a standalone operation run by the acquired company’s existing personnel and management. Sysco indicated that no Edward Don employees would lose their jobs as the result of the merger.
In addition to adding Edward Don’s product lines to Sysco’s extensive catalog, the deal will add another 1.4 million square feet of distribution space to the buyer’s holdings.
Sysco is the nation’s largest foodservice distributor, with annual sales of about $76 billion.
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