Sysco has completed the acquisition of Jetro Restaurant Depot in a $29.1bn deal that will see Sysco enter the foodservice cash and carry channel in the US.
Jetro Restaurant Depot is a leading US wholesale cash and carry foodservice provider serving smaller, independent restaurants. The company operates 166 large-format warehouse stores across 35 states that serve more than 725,000 independent restaurants and foodservice operators. For the calendar year 2025, the business generated approximately $16bn in revenue.
Stanley Fleishman, executive chairman of Jetro Restaurant Depot, said: “Sysco is the best possible partner for our next chapter because they share our growth mindset and bring the systems and national and international supply logistic capabilities to help us grow across the US and beyond. We are extremely excited to be able to offer our full range of low-cost, high-quality, dry and perishable foodservice products to more customers in more markets.”
Read more: Sysco continues fresh meat growth strategy with Fairfax acquisition
“We’re thrilled to combine two industry leaders to create a preeminent multi-channel foodservice distribution platform,” added Kevin Hourican, chief executive officer of Sysco. “Together, Sysco and Jetro Restaurant Depot will enhance value for small independent restaurants and the consumers they serve by expanding access to more affordable, fresh food products and delivering more choice and convenience. Jetro Restaurant Depot will benefit from access to Sysco’s best-in-class foodservice supply chain and logistics capabilities and Sysco will benefit from new ways to serve local customers.”
Upon closing of the transaction, Jetro will operate as a standalone business segment within Sysco, maintaining its operating model. The leadership team is expected to remain in place under Kirschner, who will report to Hourican. Jetro will also maintain its headquarters in New York, while two of its current directors, Sir Bradley Fried and Stanley Fleishman, joining the Sysco Board of Directors.
