+1-888-308-5802     
News Contact Us

Sysco Corporation to acquire Central Illinois based Waugh Foods

Author : Pankaj Singh | 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

Pankaj Singh

Pankaj Singh

Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605

Related News

Chipmaker TSMC mulls over Germany for first Europe chip plant

Published Date: 2021-07-27         Author: Pankaj Singh

Taiwan Semiconductor Manufacturing Co Ltd (TSMC) stated that it is too early to talk about its factory expansion in Germany and that the talks are in the initial phases as the European Union seeks to reduce chip imports amid the supply shortage. The European Commission had conducted discussions w... Read More

COVID-19 cases surge in Australia, police warn of protest repeat

Published Date: 2021-07-26         Author: Pankaj Singh

Despite a weeks-long stay-at-home order, Australias most populated state reportedly recorded an increase in new COVID-19 cases, and police swore to suppress any recurrence of the raucous anti-lockdown rally over the weekend. New South Wales, which had imposed a lockdown in Sydney to curb the wide... Read More

LG commits to sustainability mission, aims to go 100% renewable by 2050

Published Date: 2021-07-23         Author: Pankaj Singh

South Korean multinational electronics firm LG Electronics Inc. recently announced its plans to transition to 100% renewable energy by 2050 as part of its sustainability strategy. For the record, the firm had earlier committed to carbon neutrality via the Zero Carbon 2030 initiative, which aims t... Read More

© 2021 Fractovia. All Rights Reserved