"Sysco's acquisition of Jetro Restaurant Depot for $29.1 billion positions it as the largest player in the cash-and-carry market, which is valued at over $60 billion. This monumental shift is set to transform the landscape for independent restaurants, which often rely on cash-and-carry operations for flexible purchasing options."
"Independent restaurants are a lucrative segment of the foodservice industry, yielding higher profit margins for distributors. As food costs rise, many independent operators are increasingly dependent on cash-and-carry models to navigate inflation and maintain purchasing flexibility."
"With the acquisition of 166 cash-and-carry stores across 35 states, Sysco is enhancing its distribution network, which currently services 730,000 food-away-from-home facilities worldwide. This expansion will significantly improve Sysco's capacity to reach independent operators."
"Kevin Hourican, Sysco's CEO, stated, 'We see a long runway' for growth in the cash-and-carry sector, indicating confidence in the potential for expansion and increased service to independent restaurants."
Sysco has acquired Jetro Restaurant Depot for $29.1 billion, becoming the largest player in the cash-and-carry market. This acquisition is significant for independent restaurants, which rely on cash-and-carry operations for wholesale prices without minimum order requirements. The independent restaurant sector is crucial, especially amid rising food costs and inflation. Sysco's acquisition of 166 cash-and-carry stores will enhance its distribution network, allowing it to better serve independent operators and potentially add more locations in the future.
Read at Food & Beverage Magazine
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