Sysco Calls $29B Restaurant Depot Deal “Transformational,” Eyes EPS Accretion and $250M Synergies

Sysco (NYSE: SYY) said it has entered into a definitive agreement to acquire Restaurant Depot, a wholesale cash-and-carry foodservice supplier focused on small restaurants and local businesses. On a conference call announcing the deal, Sysco Chair and CEO Kevin Hourican described the transaction as "transformational," arguing the combination will create a nationwide omni-channel platform that serves