Sysco Corporation announced Tuesday it has completed the $3.1 billion (€2.8 billion) acquisition of Brakes Group, a leading foodservice distributor in the United Kingdom, France and Sweden, with additional operations in Ireland, Spain, Belgium and Luxembourg.
"We are excited to welcome the Brakes Group into the Sysco family of companies,” said Bill DeLaney, Sysco’s chief executive officer.
"This acquisition significantly strengthens Sysco’s position... and offers attractive opportunities for organic growth and future expansion in European markets."
Headquartered in London, Brakes Group will operate as a wholly-owned subsidiary of Sysco under the leadership of Ken McMeikan, Brakes Group chief executive officer.
In
