Sysco Buys - Us Foods

Including litigation and planning, the failed merger cost Sysco approximately $693 million.

The case was heard in the U.S. District Court for the District of Columbia. sysco buys us foods

Sysco anticipated annual cost savings of at least $600 million within three to four years through improved supply chain efficiencies, merged merchandising, and reduced administrative overhead. Including litigation and planning, the failed merger cost

The FTC estimated a combined entity would control 75% of the national market for broadline distribution services. Including litigation and planning

Sysco and US Foods were the top two broadline food distributors in the US, specializing in supplying food and supplies to restaurants, hospitals, schools, and hotels.

On June 23, 2015, Judge Amit Mehta granted the FTC’s request for a preliminary injunction, effectively blocking the merger.