Sysco Corp., Houston, Texas, signed a definitive agreement to acquire HFM FoodService, a Honolulu, Hawaii-based broadline distributor.
HFM FoodService was founded as a flour mill in 1964, and has grown into a large foodservice distributor with operations on all four major Hawaiian Islands and Guam.
“HFM has been providing quality service to Hawaii and Guam for over 50 years, and we are excited to welcome them to the Sysco family of companies,” says Tom Bené, Sysco’s president and COO. “A key pillar of Sysco’s strategy for continued growth and value creation is the continuous assessment of new market opportunities. Acquiring HFM provides Sysco with direct access to the growing Hawaiian market, and is in clear alignment with our strategy for disciplined, profitable growth of the business.”
Sysco expects to retain the executive leadership team of HFM, as well as all current associates.
“By leveraging the combined skills of Sysco and HFM, we are better positioned to serve our customers,” adds Bené. “This partnership provides an opportunity to broaden our vision to be our customers’ most valued and trusted business partner.”