Acquisition boosts Sysco export capabilities
Jun 22, 2004 12:33 PM, from staff and wire reports
Sysco Corp, the Houston TX-based foodservice marketer and distributor, has acquired International Food Group Inc (IFG). Terms of the transaction were not disclosed.
IFG, based in Plant City FL, is a leading distributor of foodservice products to chain restaurants in international markets. Operating from a 75,000-square-foot facility, its 40 employees supply products to quick-service restaurants in the Caribbean, Central America, South America, Europe, Asia, and the Middle East. The company generated $77.8 million in sales in 2003.
Richard J Schnieders, Sysco chairman and chief executive officer, said, “This is another step toward establishing a Sysco presence in foodservice markets outside of North America.”
Joseph Blancato, who founded IFG in 1993, will remain as chairman, and Berry Wright, a nine-year veteran of the firm, will serve as president.
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