HOUSTON, July 13, 2010 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that it has acquired Lincoln Poultry & Egg Co., a leading broadline foodservice distributor based in Lincoln, Nebraska. The acquisition is effective as of July 12, 2010. The management team and employees of Lincoln Poultry will become employees of Sysco.
"Lincoln Poultry's high-quality operation and deep customer relationships represent an excellent growth opportunity for Sysco," said Mike Green, Sysco's executive vice president, foodservice operations. "We look forward to welcoming Lincoln Poultry to Sysco and positioning this investment for further growth."
Lincoln Poultry & Egg Co. is a leading broadline foodservice distributor based in Lincoln, Nebraska. The company started as a fresh poultry and egg distribution business in 1957 and has successfully grown into a diversified broadline foodservice distributor. Lincoln Poultry serves more than 800 customers which are primarily located throughout the central United States.
"We're very pleased to join the Sysco family," said Kim Brown, Lincoln Poultry's president. "We look forward to providing the same great service to our customers and showing them an even broader line of quality-assured foodservice products."
About Sysco
Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. The company operates 186 distribution facilities serving approximately 400,000 customers. For the fiscal year 2009 that ended June 27, 2009, the company generated more than $36 billion in sales. For more information about Sysco visit the company's Internet home page at www.sysco.com.
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Forward-Looking Statements
Certain statements made herein are forward-looking statements under the Private Securities Litigation Reform Act of 1995. They include statements regarding the Company's ability to leverage the investment in Lincoln Poultry with respect to growth in Lincoln and throughout the central region of the United States. These statements involve risks and uncertainties and are based on management's current expectations and estimates; actual results may differ materially. Those risks and uncertainties include factors that are outside the direct control of Sysco, including the current negative economic conditions, which have negatively impacted Sysco's business, the foodservice distribution industry and consumer spending, competitive conditions in the region, and the ability to effectively integrate the management team, employees and processes of Lincoln Poultry into Sysco's overall business operations. Sysco's business is also subject to a number of risks and uncertainties, including those risk factors detailed in the Company's Annual Report on Form 10-K for the year ended June 27, 2009, as filed with the Securities and Exchange Commission. The Company does not undertake to update its forward-looking statements.