+1-888-308-5802     
News Contact Us

Sysco Corporation to acquire Central Illinois based Waugh Foods

Author : Paroma Bhattacharya | Published Date : 2019-01-30 

The acquisition is expected to complement Sysco’s services and strengthen its position in Illinois

Sysco Corporation, the food marketing and distribution company recently announced that it has inked a definitive agreement to acquire the Illinois based food distributor, Waugh Foods.

Headquartered in East Peoria, Waugh Foods is a broadline distributor with annual sales of approximately $40 million, said a recent press release. The 70-year-old prestigious business based in the state of Illinois was founded in 1948 by Joseph A. Waugh, Sr. and was then called Waugh Frozen Food Company. In 1966, the company changed its name to Waugh Foods, Inc. when multiple additions were made to the product lines of the company. At present the company is known for its wide variety of products that are provided to customers throughout Central Illinois.

Greg Bertrand, Executive VP, U.S. foodservice operations, has been reported to say that the Sysco family is looking forward to welcoming the inclusion of Waugh Foods as the company believes that the acquisition will complement its existing local and regional presence. He added that such an expectation is being based on the fact that the connection between Waugh Foods and Central Illinois area goes way back into history and therefore the business has strong and valuable relationships with independent operators of the region.

FoodBev Media reports that after the acquisition of Waugh Foods, the present executives, namely, Tim Waugh, Joe Waugh, Jr and Rick Look will continue to hold their executive positions and manage the company.

For the record, Sysco is known for being one of the global leaders in the food distribution industry and sells, markets and distributes food to healthcare and educational facilities, restaurants and lodging establishments besides other customers who cook meals away from home. Besides food products it also supplies equipment for foodservice and hospitality industries. The company has a remarkable 330 distribution facilities across the globe with more than 67,000 associates and 600,000 customer locations. The company has annual sales of $58 billion as of June 30, 2018.

About Author

Paroma Bhattacharya

Paroma Bhattacharya

Paroma Bhattacharya, having completed her post-graduation in Journalism and Mass Communication, started her career in writing with resourceful and informative content development across diverse fields. Having dealt in myriad topics ranging from business to real estate, she now pens down articles for fractovia.org and other portals. She can be contacted at- [email protected] | https://twitter.com/paromab1

Related News

Latest funding round of $114m helps Outreach join the unicorn club

Published Date: 2019-04-18         Author: Paroma Bhattacharya

Outreach Inc., a Microsoft backed software manufacturer, has recently been reported to cross the billion-dollar threshold, becoming a member of the unicorn startups club. The firm, that helps in automating essential but routine work for salespeople, raised nearly $114 million in a funding round a... Read More

OYO partners with Spain’s Hotelbeds to increase travel distribution

Published Date: 2019-04-16         Author: Paroma Bhattacharya

OYO Hotels & Homes, the SoftBank-backed Indian hospitality company, has reportedly partnered with Spanish firm Hotelbeds in a bid to gain access to over 60,000 travel buying intermediaries across the world. OYO said in a statement that the preferred agreement signifies OYO's first distrib... Read More

Leadfeeder secures €3.1 million to automate B2B lead generation

Published Date: 2019-04-11         Author: Paroma Bhattacharya

Helsinki-based startup Leadfeeder that supports B2B companies in generating new leads using website analytics, has secured €3.1 million in series A funding round led by Endeit Capital, a Dutch growth capital firm along with Finland’s Vendep Capital and Superhero Capital participating. ... Read More

© 2019 Fractovia. All Rights Reserved