Sysco Corporation, the leading global foodservice distribution company, announced it has entered into an agreement to acquire Greco and Sons, a leading independent Italian specialty distributor in the United States from Arbor Investments and the Greco family. Greco and Sons operates 10 distribution centers servicing 22 geographies nationwide, with approximately $800 million in annual revenue.
Founded in 1990, Greco and Sons imports and distributes a full line of premium quality Italian food and non-food products as well as manufactures value-added specialty meat products. Upon completion of the transaction, Greco and Sons will operate as a standalone division within Sysco, which expects to retain the executive leadership team of Greco and Sons, as well as all current associates.
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Greco and Sons and its family of food service companies offer over 15,000 products and service over 8,000 customers including independent restaurants, pizzerias, hotels, country clubs, quick serve establishments, bars, schools and grocery stores.
“We are excited to welcome Eddie Greco and the rest of the Greco and Sons family to Sysco. The addition of this great company to Sysco’s portfolio of specialty companies will enable us to better serve Italian-focused customers by establishing a new Cuisine-Focused Selling platform. Greco has perfected a go-to-market approach to serve the Italian segment, and we are committed to maintaining that excellence and expanding the capability to new geographies, over time,” said Kevin Hourican, Sysco’s president and CEO.
SYSCO BY THE NUMBERS
Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. With more than 57,000 associates, the company operates 326 distribution facilities worldwide and serves more than 625,000 customer locations. By June 27, 2020, the company generated sales of more than $52 billion.