Sysco expands produce business with acquisition
Sysco Corp. entered into an agreement to acquire The Coastal Cos., a leading fresh produce distributor and value-added processer, from Continental Grain Co. Upon completion of the transaction, the acquisition will operate as part of FreshPoint, Sysco’s specialty produce business. The acquisition will create a strong FreshPoint presence in the Mid-Atlantic region, provide significant value-added manufacturing capabilities and further diversify Sysco’s produce specialty business.
Source: theproducenews.com