About the Company
Sysco Corporation (short for Systems and Services Company) is an American multinational corporation involved in marketing and distributing food products, smallwares, kitchen equipment and tabletop items to restaurants, healthcare and educational facilities, hospitality businesses like hotels and inns, and wholesale to other companies that provide foodservice (like Aramark and Sodexo). The company is headquartered in the Energy Corridor district of Houston, Texas. Sysco is the world's largest broadline food distributor; it has more than 600,000 clients in a wide array of fields. Management consulting is also an integral part of their services. The company operates approximately 330 distribution facilities worldwide; providing service to over 90 countries. The company was founded in 1969 by Herbert Irving, John F. Baugh, and Harry Rosenthal. The company became public on March 3, 1970. On July 20, 2009, Fortune magazine ranked Sysco No. 204 in the annual Fortune 500 companies in world based on sales volume. On May 3, 2010, Fortune ranked Sysco as the seventh largest Fortune 500 Company in Texas and 55th largest in the U.S. by total revenue. Sysco is also the largest non-oil related company in Houston and the third largest non-oil related company in Texas (behind AT&T and Dell). The company ranked No. 54 in the 2018 Fortune 500 list of the largest US corporations by total revenue.In December 2013, Sysco announced an $8.2 billion planned acquisition of its next-largest food distribution rival, US Foods. The Federal Trade Commission challenged the acquisition as a violation of the Clayton Antitrust Act that would substantially lessen competition. After the court ruled that the combined company would likely reduce competition because it would control 75% of the U.S. food service industry, Sysco terminated its merger with US Foods.
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Latest $SYY News
At US$75.64, Is It Time To Put Sysco Corporation (NYSE:SYY) On Your Watch List?
Costco made buying a gold bar as simple as tossing it in a shopping cart. Adam Xi, 33 years old, called five different ...
Should You Sell Sysco Corporation (SYY)?
Aristotle Capital Management, LLC, an investment management company, released its “Value Equity Strategy” first quarter 2024 ...
PAC Profile: Sysco Corp
*Based on data released by the Federal Election Commission on April 17, 2024 except for independent expenditure and communication cost, contributions to federal candidates, and contributions from ...
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Teamsters ratify labor deal with Sysco
More than 100 warehouse workers at Sysco Louisville have overwhelmingly ratified a first Teamsters contract in Kentucky.
Focus: Tesla Semi trucks in short supply for PepsiCo as its rivals use competing EV big rigs
Key Tesla customer PepsiCo made initial payments for 100 Tesla Semis in 2017, intending to use the electric-truck fleet to ...
Sysco And Grainger Among 10 Companies To Announce Annual Dividend Increases In Second Half Of April
Despite the small number of announcements, investors in Costco and Procter & Gamble saw nice increases in their payouts.
Sysco Celebrates The Arrival Of 10 Electric Trucks In Denver
Originally published on April 5th, 2024 on LinkedIn Neil Russell, Sysco's Chief Administrative officer, joined Governor Jared ...
Sysco Canada makes sustainability the bottom line
Together with Sysco colleagues, we are empowered to make a difference in the communities in which we live and serve by doing ...
Sysco Thanks Louisville Fire Department: $20,000 Donation, Firehouse Pantries Filled, Chef-Made Lunch for Firefighters
Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational ...
Sysco Corp's Dividend Analysis
Sysco Corp (NYSE:SYY) recently announced a dividend of $0.5 per share, payable on 2024-04-26, with the ex-dividend date set for 2024-04-04. As investors look forward to this upcoming payment, the ...
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