Sysco Corporation, Its Specialty Produce Company, FreshPoint Has Agreed To Acquire BIX Produce; No Financial Terms Disclosed
Portfolio Pulse from Happy Mohamed
Sysco Corporation's specialty produce company, FreshPoint, has agreed to acquire BIX Produce, a leading produce specialty and fresh cut distributer based in Minnesota. The acquisition will expand FreshPoint's geographic footprint, strengthen specialty produce offerings, and add a 200,000 sq. ft. production and warehouse facility.
June 26, 2023 | 12:16 pm
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Sysco Corporation (SYY) is set to acquire BIX Produce through its subsidiary FreshPoint, expanding its geographic footprint and strengthening its specialty produce offerings.
The acquisition of BIX Produce will expand FreshPoint's geographic footprint in areas where it does not currently have operations, strengthen its specialty produce offerings, and add a 200,000 sq. ft. production and warehouse facility. This strategic move is likely to have a positive impact on Sysco Corporation's stock price in the short term.
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