Sysco's FreshPoint Acquires BIX Produce For Undisclosed Sum
Portfolio Pulse from Shivani Kumaresan
Sysco Corp's specialty produce company, FreshPoint, has agreed to acquire BIX Produce, a specialty and fresh cut distributor based in Minnesota. The acquisition expands FreshPoint's geographic footprint, strengthens specialty produce offerings, and adds a 200,000 sq. ft. production and warehouse facility to its operations.
June 26, 2023 | 4:44 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Sysco Corp's FreshPoint acquires BIX Produce, expanding its geographic footprint and strengthening specialty produce offerings.
The acquisition of BIX Produce by Sysco's FreshPoint will expand the company's geographic footprint and strengthen its specialty produce offerings. This is likely to have a positive impact on Sysco's business, potentially leading to increased revenues and market share.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100