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Sysco plans $29.1B acquisition of Restaurant Depot

PUBLIC · SYYAug 27, 2026•about 3 hours ago

Acquiring Company

Sysco

Acquired Company

Restaurant Depot

HoustonNew YorkFood and BeverageHospitalityFood and BeverageHospitalityRetail

Description

Sysco is set to acquire Restaurant Depot for $29.1 billion, prompting lawmakers to request an antitrust review. Concerns have been raised regarding competition in food distribution and the potential impact on independent restaurants. The acquisition could lead to higher food costs affecting consumers and food suppliers. A thorough investigation by federal regulators has been urged before approval.

Company Information

Company

Sysco

Location

Houston, Texas, United States

About

Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With more than 58,000 associates, the company operates 343 distribution facilities worldwide and serves more than 650,000 customer locations. For fiscal 2021 that ended July 3, 2021, the company generated sales of more than $51 billion. Information about our CSR program, including Sysco’s 2021 Corporate Social Responsibility Report, can be found at www.sysco.com/csr2021report. For more information, visit www.sysco.com or connect with Sysco on Facebook at www.facebook.com/SyscoFoods. For important news and information regarding Sysco, visit the Investor Relations section of the company’s Internet home page at investors.sysco.com, which Sysco plans to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information. In addition, investors should continue to review our news releases and filings with the SEC. It is possible that the information we disclose through any of these channels of distribution could be deemed to be material information.

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Integration timeline
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Frequently asked

Who acquired Restaurant Depot?

Restaurant Depot was acquired by Sysco, based in Houston. The deal was reported on August 27, 2026. Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Sysco is publicly traded (SYY) and operates in Food and Beverage.

When did Sysco acquire Restaurant Depot?

Sysco's acquisition of Restaurant Depot was reported on August 27, 2026. Sysco is set to acquire Restaurant Depot for $29.1 billion, prompting lawmakers to request an antitrust review. Concerns have been raised regarding competition in food distribution and the potential impact on independent restaurants. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Restaurant Depot do?

Restaurant Depot operates 166 stores across 35 states and serves over 725,000 independent restaurants. The company focuses on providing a variety of products at wholesale prices. It is privately held, operating in Food and Beverage, and is based in New York.

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