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Sysco Corporation agrees to acquire Crossgar Foodservice and moves into Ireland

Copyright: GlobeNewswire

June 15, 2012

Sysco Corporation SYY +0.07% today announced that it has signed an agreement to acquire Crossgar Foodservice, a leading privately owned foodservice supplier headquartered in Co Down, Northern Ireland, through its subsidiary, Pallas Foods based in Newcastle West, Co Limerick. Financial details of the transaction, which is subject to Competition Authority approval in the Republic of Ireland, were not disclosed. The acquisition will expand Sysco's presence on the island of Ireland. Sysco acquired Pallas Foods in 2009. Both Crossgar Foodservice and Pallas Foods will retain their existing brand identities, and management teams at the two companies will remain in place....

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