Sysco's New Acquisition


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Tue. June 12th, 2012 - by Jordan Okumura-Wright

<p><strong>Houston, TX</strong><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Sysco Corporation has signed an agreement to acquire Crossgar Foodservice through its subsidiary, Pallas Foods based in Newcastle West, Co Limerick . Crossgar is a leading privately owned foodservice supplier based out of Co Down, Northern Ireland, The acquisition will expand Sysco's footprint in Ireland. Sysco acquired Pallas Foods in 2009. Both Crossgar Foodservice and Pallas Foods will retain their existing brand identities, and management teams at the two companies will remain in place, according to a press release.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Crossgar has four facilities in Northern Ireland, with a product range that includes poultry, meat, chilled, frozen, grocery and non-food items. Mike Green, Executive Vice President and Group President for Sysco, stated, "Crossgar Foodservice is a strong company with excellent customer relationships. This investment, along with the acquisition of Pallas Foods in 2009 represents our commitment to the Ireland market and provides us additional strategic opportunities. We look forward to welcoming Crossgar Foodservice to Sysco."<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Gerald Bell, Chairman of Crossgar Foodservice, stated, "We are very pleased to join the Sysco family and to work with Pallas Foods to strengthen Sysco's operations across Ireland. The transaction provides the business with a number of benefits, namely enhanced distribution and wider product choice for our customers. We look forward to providing the same great service to our customers and showing them an even broader line of quality-assured foodservice products." Tim Geary, Chairman of Pallas Foods, said: "We have had a great experience with Sysco, and we look forward to working with Crossgar and positioning this investment for further growth in the years ahead."<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://www.sysco.com" target="_new"> Sysco </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">