About the Company
Sysco is a leading and most profitable food service provider with a robust international network across 90 different countries worldwide like Bahamas, Ireland, Costa Rica, Mexico, Sweden, France, Panama, Belgium and others. Sysco has 16 SYGMA operating companies which work together to deliver food and non-food products comprehensively to independent restaurants, chain restaurants, healthcare, educational facilities and several similar away from home locations. Its international and export speciality division is known as the Sysco International Food Group that is committed to delivering the brand’s unique consumer experience and exporting the Sysco branded products globally.
The company was founded in 1969 and became public on 3rd March 1970. It started trading its shares under the ticker symbol SYY in NYSE and is also a component of the S&P 500 index. Some of its major acquisitions include the Newport Meat Company in 1999 which generated yearly revenue of $100 million, SERCA Food Services in the year 2002, Asian Foods in 2003 and Pallas Food, the largest food distributor in Ireland in 2009. As per record, the largest acquisition of Sysco to date was when it acquired Brakes Bros in 2016 for $3. billion.
Sysco delivers an extensive range of food products across various categories like meat and poultry, seafood, dairy, vegetable produce, bakery and desserts, food service supplies, beverages, pantry staples, and speciality and ethnic. With this unparalleled range of fresh and speciality products, Sysco also offers an industry-best distributing network that helps in the growth of the business. Apart from distributing food products, Sysco also offers valuable consultancy services like menu planning, menu marketing tools, culinary and recipe support like recipe ideas, plate presentation, and other training and personnel support.
It is one of the first non-tech and non-oil related companies in Houston and Texas, respectively. As of 2020, it holds the 56th position in the Fortune 500 list. It also ranked 391 in Forbes Global 2000 list of 2020 and also won a number of awards among which America’s Best Employers By State 2020 is a notable one. This company also ranked 200 in Forbes America’s Best Employers 2019 and sealed a spot in Forbes Canada’s Best Employers 2021.;