Sysco Corporation, a foodservice marketer and distributor, and Sobeys Inc. jointly announced their intention to offer for sale the Pacific Division operations of Serca Foodservice Inc. (Business Briefs).Sysco Corporation, a foodservice The foodservice (or food service) industry (US English; catering industry in British English) encompasses those places, institutions, and companies responsible for any meal eaten away from home. marketer and distributor, and Sobeys Sobeys (TSX: SBY) is the second largest food retailer in Canada, with over 1,300 supermarkets operating under a variety of banners. Headquartered in Stellarton, Nova Scotia, it operates stores in all ten provinces and accumulated sales of more than $12 billion CAD in 2006. Inc. jointly announced their intention to offer for sale the Pacific Division operations of Serca Foodservice Inc. The operations are offered for sale in connection with the previously announced acquisition by Sysco of the Serca foodservice operations from Sobeys. The purpose of the sale is to allow the Pacific Division to continue as a broadline foodservice distributor A foodservice distributor is a company that provides food and non-food products to restaurants, cafeterias, industrial caterers, and hospitals and nursing homes.A foodservice distributor functions as an intermediary between food manufacturers and the foodservice operator in British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography , independent of Sysco. Both the sale of the Pacific Division operations and Sysco's acquisition of the Serca operations are subject to numerous conditions, including obtaining the approval of the Competition Bureau of Canada. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion