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21-532: Founded in 1957 as Oshawa Wholesale Limited , the company grew from expansion in the 1960s to 1980s. It was renamed the Oshawa Group Limited in 1971. The company roots date back further to 1914 by founders Max Wolfe (1893–1987) and Maurice Wolfe , who started the Ontario Produce Company and acquired Oshawa Wholesale in 1949 and later gave rise to Oshawa Group. Through the life of the company it

42-540: A Louisiana-based foodservice. In March 2018, Sysco acquired Kent Frozen Foods. In 2020, Sysco acquired a 50% stake in Pacific Star Foodservice. In May 2021, Sysco acquired Greco and Sons, a distributor of Italian specialty food products. In the September the same year, Sysco acquired Medina Foodservice. In November 2021, FreshPoint, a division of Sysco, acquired Paragon Foods. Later that year, Sysco purchased

63-901: A strong presences. Sysco was primarily interested in CFS Continental's wholesale grocery business and therefore, prior to the purchase of CFS Continental from Tate & Lyle, Sysco had pre-sold the non-core manufacturing businesses. Quaker Oats purchased Continental Coffee (undisclosed price). Fresh Start Foods, a management buy out team financed by Berkshire Partners bought the two manufacturing divisions that supplied McDonald's Corp.: Interstate Foods Group (shortening) and Fresh Start Bakeries to (price not disclosed). The shortening manufacturing facilities were located in Chicago and Los Angeles. The Fresh Start bakeries were located California, Kansas , Hawaii , West Germany and Brazil. Borden Inc. bought Gregg's Food Products/Re-Mi Group. NCD Detergents, INC.

84-685: A total of $ 3.5 billion. However, on June 24, 2015, US Federal Judge Amit Mehta ruled that the combined Sysco-US Foods would control 75% of the U.S. food service industry and would stifle competition. As a result, on June 29, 2015, Sysco terminated its merger with US Foods. In February 2016, Sysco announced that it was purchasing the Brakes Group for $ 3.1 billion. At the time, Brakes was serving about 50,000 restaurants, hotels, and schools across Europe. In October 2017, Sysco acquired HFM FoodService, and later changed its name to Sysco Hawai'i in 2019. In February 2018, Sysco acquired Doerle Food Services,

105-622: Is a wholly owned subsidiary of Sysco that provides food and non-food products to chain restaurants throughout the United States. SYGMA was founded in January 1984, when senior officers of Sysco Corporation started discussions for forming a new distribution company. The first products were shipped in May 1985, from SYGMA's first distribution center in Oklahoma. In 1988, Sysco acquired CFS, increasing head count at

126-627: Is headquartered in the Energy Corridor district of Houston , Texas . Sysco is the world's largest broadline food distributor; it has more than 600,000 clients in a wide array of fields. Management consulting is also an integral part of their services. The company operates approximately 330 distribution facilities worldwide; providing service to over 90 countries. The company was founded in 1969 by Herbert Irving , John F. Baugh, and Harry Rosenthal. The company became public on March 3, 1970. On July 20, 2009, Fortune magazine ranked Sysco No. 204 in

147-880: The Continental Coffee Company . It is now part of Sysco . The wholesale food distributor started in 1915 by Jacob Cohn (b. 1894, d. 1968) in Chicago as the Continental Coffee Company. Cohn began by selling coffee by horse and wagon to small restaurants in Chicago. By 1967, the Continental Coffee was led by brothers Alvin Cohn (b. 1921, d. 1994) and Robert Cohn. The brothers began purchasing regional wholesale grocery companies to supplement Continental Coffee's national coffee business. In 1970, Continental Coffee Company went public. In 1973, Continental Coffee Company changed its name to CFS Continental, Inc. to reflect

168-460: The A.E. Staley acquisition, Tate & Lyle pre-sold CFS Continental to the foodservice giant Sysco for $ 360 million. Not forgetting the owners had to give over 50% of their profit to taxes and debt. Sysco generated sales of $ 3.7 billion (1987) and CFS Continental generated sales of $ 2.4 billion (1987). CFS Continental operations purchased by Sysco included all brands, distribution facilities and equipment; wholesale grocery sales force; NCD Detergents;

189-563: The Canadian market by purchasing SERCA Foodservices for $ 278 million. SERCA's business was similar to Sysco's, with the Canadian company supplying food products and foodservice supplies to approximately 80,000 customers at the time of the acquisition. The following year, Sysco acquired Asian Foods, which was then the largest Asian food distribution company in North America. In 2009, Sysco made its first acquisition outside of North America, buying

210-611: The Gregg's Food Products/ Re-Mi Group, which manufactured more than 350 food items such as salad dressings and puddings; Continental Coffee; the Interstate Foods Group (shortening); and Fresh Start Bakeries, which produced hamburger buns and English muffins for McDonald's Corp. CFS Continental distribution and sales force were particular strong on the west coast, Minnesota , Chicago and in the Washington, D.C. where Sysco did not have

231-505: The Irish food distributor Pallas Foods. Further expanding its footprint in Ireland, Sysco purchased the food distributor Crossgar Foodservice for an undisclosed amount in 2012. In December 2012, Sysco acquired Appert's Foodservice, Buchy Food Service, Central Seafood Company, and Distagro. On December 9, 2013, Sysco announced they were planning to acquire US Foods , their closest competitor, for

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252-576: The U.S. food service industry, Sysco terminated its merger with US Foods. In 1966, Zero Foods owner John Baugh initiated discussions with the leaders of eight other food distribution companies about the prospect of forming one large corporation. The nine companies agreed to terms and formed Sysco in May 1969. At the time of the merger, the total sales of the nine companies were approximately $ 115 million. In March 1970, Sysco held its initial public offering . Sysco made its first acquisition in 1970, purchasing Arrow Foods Distributor. Between 1970 and 1980,

273-513: The annual Fortune 500 companies in world based on sales volume. On May 3, 2010, Fortune ranked Sysco as the seventh largest Fortune 500 Company in Texas and 55th largest in the U.S. by total revenue. Sysco is also the largest non-oil related company in Houston and the third largest non-oil related company in Texas (behind AT&T and Dell ). The company ranked No. 54 in the 2018 Fortune 500 list of

294-686: The company continued to grow through the acquisition of 25 small food distributors. It also expanded its trucking fleet and constructed refrigerated warehouses for food storage. In 1980, Sysco recorded $ 1.2 billion in annual revenue. The following year, it moved its stock from the American Stock Exchange to the New York Stock Exchange . In 1985, Sysco was described in a New York Times report as "the nation's leading food service marketing and distribution company." In 1988, Sysco achieved nationwide coverage through its acquisition of

315-471: The food distributor CFS Continental . By 1996, Sysco was the third-largest company in Houston and had over 30,000 employees. Sysco acquired Newport Meat in 1999, which at the time had sales of approximately $ 100 million per year. This was the company's first acquisition of a California company. Between 1995 and 2000, Sysco's annual sales increased from $ 12 billion to $ 19 billion. In 2002, Sysco expanded into

336-524: The fresh produce distributor The Coastal Companies for the purpose of supplementing both its fleet and its specialty produce business. In October 2023, Sysco announced that it was purchasing Edward Don & Company, a food service supplies and equipment distributor. This acquisition gave the company additional office and distribution space, as well as the ability to design and build kitchens for its customers. In December 2023, Sysco Ireland announced plans to acquire Ready Chef Ltd. The SYGMA Network, Inc.

357-568: The growing importance of foodservice to their traditional coffee business. In 1985, CFS Continental, Inc. with $ 1.6 billion in annual sales was purchased by the soybean and corn processor A.E. Staley for $ 360 million. The owners, in the Chicago area, had to give over 50% of their profit to taxes and debt. After the acquisition, A.E. Staley changed its name to Staley Continental. In 1988 British food processor Tate & Lyle purchased A.E. Staley Company for $ 1.42 billion. The owners in this second purchase came from southern Illinois. To help finance

378-500: The largest US corporations by total revenue. In December 2013, Sysco announced an $ 8.2 billion planned acquisition of its next-largest food distribution rival, US Foods . The Federal Trade Commission challenged the acquisition as a violation of the Clayton Antitrust Act that would substantially lessen competition. After the court ruled that the combined company would likely reduce competition because it would control 75% of

399-482: The organization. SYGMA's customers include approximately 14,000 restaurants representing 26 concepts. Operating from 14 distribution centers, SYGMA is one of the largest chain distributors in the United States with sales over $ 6.7 billion. 186 million cases of product are delivered each year. SYGMA currently employs over 4,000 employees. CFS Continental CFS Continental, Inc. was a wholesale food distributor started in 1915 by Jacob Cohn (1894–1968) in Chicago as

420-532: Was run by the Wolfe family: Beginning in the 1960s, Oshawa Group acquired various retail chains and stores: Outside of retailing, Oshawa Group acquired various companies and real estate: Oshawa Group also operated food services company SERCA Foodservices Incorporated . The retail scene changed in the 1990s, even as the Oshawa Group had begun re-focusing on core operations beginning in the 1980s. The entire operation

441-589: Was sold in 1998 to Sobeys and the Oshawa name disappeared from Canadian retailing. SERCA Foodservices Incorporated Sysco Corporation (short for Systems and Services Company ) is an American multinational corporation involved in marketing and distributing food products, smallwares, kitchen equipment and tabletop items to restaurants, healthcare and educational facilities, hospitality businesses like hotels and inns, and wholesale to other companies that provide foodservice (like Aramark and Sodexo ). The company

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