Sysco Announces Plans To Acquire Leading Equipment & Supplies Distributor Edward Don & Company; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Sysco Corporation (NYSE:SYY) has announced plans to acquire Edward Don & Company (DON), a leading distributor of foodservice equipment, supplies, and disposables. The acquisition will allow Sysco to add strategic new capabilities and diversified offerings to its existing business. DON will operate as a standalone specialty division within Sysco upon completion of the transaction. The acquisition is subject to regulatory approval.
October 11, 2023 | 12:01 pm
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Sysco's acquisition of Edward Don & Company could potentially diversify its offerings and add new capabilities to its existing business.
The acquisition of Edward Don & Company by Sysco could potentially diversify Sysco's offerings and add new capabilities to its existing business. This could potentially increase Sysco's market share and revenue in the long run.
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