Sysco's $29B Restaurant Depot Buy Reshapes Food Distribution

Key Details Sysco, the nation's largest food distributor, is acquiring Restaurant Depot in a deal valued at over $29 billion. Restaurant Depot shareholders will receive $21.6 billion in cash plus 91.5 million Sysco shares. The boards of both companies have already approved the transaction, though regulatory approval is still pending. Why It Matters This acquisition combines Sysco's massive supply network with Restaurant Depot's high-margin cash-and-carry warehouse model. The integration allows Sysco to capture a fast-growing market segment where mom-and-pop restaurants and small businesses need quick access to supplies. Thousands of restaurant operators will increasingly turn to Sysco for day-to-day inventory needs. What's Next Restaurant Depot, founded in Brooklyn in 1976 as Jetro Restaurant Depot, has grown into the nation's largest cash-and-carry wholesaler. The family-run business operates warehouses that provide membership-based access to supplies for operators who need emergency stock. Sysco, ranked No. 3 on Transport Topics' Top 100 carriers list, now consolidates its position as the dominant force in foodservice distribution.