Sysco, the nation’s largest food distributor, will acquire supplier Restaurant Depot in a deal worth more than $29 billion.
March 30, 2026 at 7:38 AMFILE - Specialist John McNierney works at the post that handles Sysco, on the floor of the New York Stock Exchange, Monday, June 29, 2015. – Sysco, the nation's largest food distributor, will acquire supplier Restaurant Depot in a deal worth more than $29 billion.
The acquisition would create a closer link between Sysco and its customers that right now turn to Restaurant Depot for supplies needed quickly in an industry segment known as “cash-and-carry wholesale.”Sysco, based in Houston, serves more than 700,000 restaurants, hospitals, schools and hotels, supplying them with everything from butter and eggs to napkins. Those goods are typically acquired ahead of time based on how much traffic that restaurants typically see. Restaurant Depot offers memberships to mom-and-pop restaurants and other businesses, giving them access to warehouses stocked with supplies for when they run short of what they've purchased from suppliers like Sysco. It is a fast growing and high-margin segment that will likely mean thousands of restaurants will rely increasingly on Sysco for day-to-day needs. Restaurant Depot shareholders will receive $21.6 billion in cash and 91.5 million Sysco shares. Based on Sysco’s closing share price of $81.80 as of March 27, 2026, the deal has an enterprise value of about $29.1 billion. Restaurant Depot was founded in Brooklyn in 1976. The family run business then known as Jetro Restaurant Depot, has become the nation's largest cash-and-carry wholesaler. The boards of both companies have approved the acquisition, but it would still need regulatory approval. Shares of Sysco Corp. tumbled 13% Monday to $71.26, an initial decline some industry analysts expected given the cost of the deal. Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Meet our March Positively JAX winner: Waste Not Florida 💙♻️▶Florida court shuts down online gift card business based in Ponte Vedra, imposes over $800K in finesCashless touchscreens replace parking kiosks in downtown St. AugustineDNA test connects Clay County Navy veteran to WWII POW missing for over 80 yearsLoved ones say farewell to 23-year-old JFRD engineer who died in crashSt. Augustine replacing downtown parking kiosks with cashless touchscreensLoved ones mourn Jacksonville father of 4 killed in apartment shootingHundreds participate in Jacksonville ‘No Kings’ rally against Trump administration1:02Flagler College students protest housing policy as seniors cite affordability, availability concernsFlagler College students protest housing policy as seniors cite affordability, availability concernsIt's a great day for Jumbo Shrimp baseball! Join us tonight for the home opening weekendGAME DAY ⚾🦐 The defending Triple-A National Champion Jacksonville Jumbo Shrimp returnDuval County schools warns families about unsanctioned ‘senior skip day’ at Jacksonville BeachShould an HOA or property management company be required to post parking rules for visitors?240 new affordable housing units are for ‘people who keep this city running,’ councilman saysFights erupt at Palatka Junior-Senior High after field trip focused on mental healthThe Block Jax owner continues working on parking solutions ahead of busy sports weekendMother of teen punched during arrest says officer went too farSlow down & move over: Ride-along with JSO traffic patrol drives home important safety reminders⚾️ Opening Day + perfect weather=the ultimate Friday night in Jax0:33Study finds most ‘Mayport Shrimp’ dishes served in Jacksonville area are actually importedViral video of Dasaun Williams’ takedown prompts new use of force questionsNew ‘larger format’ Publix store in SilverLeaf features wine bar, expanded deli menu, custom pizzasNew ‘larger format’ Publix store in SilverLeaf features wine bar, expanded deli menu, custom pizzasUSS Donald Cook departs Mayport as Operation Epic Fury continues
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
5 Chain Restaurant Burgers Juicier Than a $50 Steakhouse DinnerYour ultimate source for expert nutrition tips and health advice, covering wellness, healthy recipes, cooking hacks, food news, style trends and shopping.
Read more »
Meet the pro snowboarder turned chef behind innovative Oquirrh RestaurantFor Andrew Fuller, snowboarding led to the unlikely journey of ultimately becoming a chef and restaurant owner of Oquirrh. Now's he becoming the talk of the town.
Read more »
Sysco expands into high-margin restaurant segment with $29 billion dealSysco, the nation’s largest food distributor, will acquire supplier Restaurant Depot in a deal worth more than $29 billion. The acquisition announced Monday would create a closer link between Sysco and customers that rely on Restaurant Depot for supplies needed quickly in an industry segment known as “cash-and-carry wholesale.
Read more »
Sysco expands into high-margin restaurant segment with $29 billion dealSysco serves more than 700,000 restaurants, hospitals, schools and hotels.
Read more »
Washington Heights’ Radio Restaurant offers a flavorful stop just minutes from Yankee StadiumCalling all MLB fans and food lovers – the Radio Restaurant, located inside Radio Hotel, Washington Heights’ first boutique hotel, is the perfect place to
Read more »
Jason Garrett’s New Dallas Restaurant Is the Hottest Seat in TownCafe Lucca is Jason Garrett and Julian Barsotti's new Sicilian spot in Knox Henderson. We're curious about the $28 Wagyu burger and pasta.
Read more »