Sysco expands into high-margin restaurant segment with $29 billion deal

The 94-year-old South African recluse who clinched a $29.1B deal for his food wholesale empire

A 94-year-old South African recluse has sold his food empire for $29.1 billion – growing his business from a single Brooklyn warehouse 50 years ago into a restaurant-supply behemoth.

McCormick buys Unilever's food business in deal that values it at nearly $45 billion

McCormick will pay a combination of cash and equity to expand further into condiments and spreads.

Marmite maker Unilever nears deal to combine food arm with US condiment giant

Spinning off brands such as Hellmann’s, Knorr and Pot Noodle into $60bn entity puts core focus on beauty, personal care and home productsBusiness live – latest updatesUnilever is in advanced talks to combine its food business with US-based McCormick in a deal including $15.7bn (£11.9bn) cash that would give the Marmite-to-Hellmann’s mayonnaise owner majority control of a $60bn food empire.London-listed Unilever will control 65% of the new spin-o…

$4.2 billion payday: Fonterra completes sale of Mainland

Fonterra has completed the sale of its global consumer and associated businesses, Mainland Group, to French dairy giant Lactalis for $4.22 billion. Fonterra...

Sysco expands into high-margin restaurant segment with $29 billion deal

Breaking News, Sports, Manitoba, Canada

Sysco expands into high-margin restaurant segment with $29 billion deal

Sysco, the nation’s largest food distributor, will acquire supplier Restaurant Depot in a deal worth more than $29 billion