HOUSTON, Sept. 25, 2006 (PRIMEZONE) -- SYSCO Corporation (NYSE:SYY), North America's largest foodservice marketer and distributor, today announced it has completed the acquisition of the foodservice assets of Bunn Capitol. Terms of the transaction were not disclosed.
The foodservice division of Bunn Capitol is one of the premier food service distribution firms in the central Illinois region. The company distributes more than 8,000 fresh, frozen and packaged goods to restaurants, healthcare businesses, clubs and other customer concepts throughout Illinois.
Richard J. Schnieders, chairman, chief executive officer and president of SYSCO, said, "The acquisition of Bunn Capitol's foodservice assets will strengthen our presence in both the central Illinois and the St. Louis foodservice markets. Their long standing reputation for quality, superior customer service and market knowledge are consistent with our own and we welcome them to the SYSCO family."
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. For the fiscal year 2006 that ended July 1, 2006, the company generated $32.6 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 expected benefits of the acquisition of Bunn Capitol's foodservice assets. 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 1, 2006 as filed with the Securities and Exchange Commission.