Sysco subsidiary to acquire Royalty Foods
Aug 1, 2005 12:00 PM
Sysco Corp, the Houston TX-based foodservice marketer and distributor, announced that its Sysco/Buckhead Beef distribution subsidiary has signed an asset purchase agreement to acquire Royalty Foods Inc, a specialty meat distributor based in Orlando FL.
Founded in 1983 by Robert G Meeks and Benjamin Guzzone, Royalty Foods employs 170 associates and operates from a 65,000-square-foot steak cutting and distribution facility. The company is a Certified Angus Beef distributor and supplies center of the plate, frozen, and dry foods to foodservice operations throughout the southeastern United States. In 2004, Royalty Foods generated sales of about $75 million.
Meeks will remain president and chief executive officer of Royalty Foods.
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