HOUSTON, Dec. 16, 2005 (PRIMEZONE) -- SYSCO Corporation (NYSE:SYY) today announced it has acquired certain assets of Western Foods, Inc., a broadline foodservice distributor located in Little Rock, Arkansas. Terms of the transaction were not disclosed.
Western Foods is a family owned foodservice distributor providing service to Arkansas, Texas, Missouri, Oklahoma, Tennessee, Mississippi, and Kansas. The company was founded in 1979 and has grown from a small meat wholesaler to the second largest independently owned foodservice distributor in Arkansas. Western Foods supplies more than six thousand items including fresh and frozen meats, dry grocery, bakery, dairy, produce, disposable and chemical products. For the fiscal year ended July 2005 the company generated sales of approximately $60 million.
Richard J. Schnieders, SYSCO's chairman and chief executive officer, said, "Western Foods has a very strong presence and a long standing reputation for customer service in all of its markets. Their commitment to customer service and strong customer mix will make them an excellent addition to our broadline operation in Arkansas."
SYSCO is the largest foodservice marketing and distribution organization in North America, providing food and related products and services to approximately 390,000 restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers. The company generated sales of $30.3 billion for the fiscal year 2005 that ended July 2, 2005. SYSCO's operations are located throughout the United States and Canada and include broadline companies, specialty produce and custom-cut meat operations, Asian foodservice, hotel supply operations and chain restaurant distribution subsidiaries. For more information about SYSCO visit the company's Internet home page at www.sysco.com.
Certain statements made herein are forward-looking statements under the Private Securities Litigation Reform Act of 1995. They include statements regarding the expected benefits of the acquisition of Western Foods, Inc. These statements are based on management's current expectations and estimates; actual results may differ materially due to certain risks and uncertainties. For example, the ability of the acquired business and SYSCO to achieve expected results may be affected by competitive price pressures, availability of supplies, work stoppages, severe weather, successful integration of the acquired operations by the Company, conditions in the economy, industry growth and internal factors, such as the ability to control expenses. For a discussion of additional factors affecting the Company, see the Company's Annual Report on Form 10-K for the fiscal year ended July 2, 2005 as filed with the Securities and Exchange Commission.
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