Sysco Sells 11 US Foods Distribution Centers to Performance Food Group
Sysco Corp., Houston, Texas, reached a definitive agreement to sell 11 US Foods distribution facilities to Performance Food Group, Richmond, Va., pending its merger with US Foods, Rosemont, Ill.
"Over the past 12 months, we have worked in good faith with the FTC to help them better understand the highly competitive U.S. foodservice distribution industry and the significant customer benefits that will result from the merger of Sysco and US Foods," says Bill DeLaney, president and CEO of Sysco. "Unfortunately, the FTC has taken a different view of the potential competitive impacts of the merger. While we respectfully but vigorously disagree with the FTC's analysis, we believe this divestiture package fully addresses its concerns."