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Freedman Food Service of San Antonio LP history
Freedman Food Service of San Antonio LP company history timeline
Foun ded in 1969, SYSCO has grown steadily ever since, mainly through doze ns of acquisitions of smaller distributors, with double-digit increas es in sales and earnings nearly every year.
In 1969 Baugh convinced the owners of eight other small food distributors to combine the nin e companies, forming what he hoped to mold into a national foodservic e distribution organization, one that would be able to distribute any food despite its regional availability.
SYSCO went public in 1970 and that year made its first acquisition, o f Arrow Food Distributor.
Cotros, who had been the firm's president, had joined SYSCO in 1974.
In 1976 SYSCO acquired Mid-Cen tral Fish and Frozen Foods Inc., expanding the company's distribution capabilities around the nation.
"Great Distributor Organization Study: SYSCO Corporation," Institutional Distribution, June 1980.
1981: SYSCO becomes the largest United States foodservice distribution company.
Geelhoed, E. Bruce, The Thrill of Success: The Story of SYSCO/Frost-Pack Food Services, Incorporated, Muncie, Ind.: Bureau of Business Research, College of Business and Department of History, Ball State University, 1983.
In 1984 the Sysco Corporation continued its policy of acquiring its competitors when it purchased three operations of PYA Monarch, then a division of Sara Lee.
Civin, Robert, “Sysco: Distribution’s $7-Billion Entrepreneur,” Institutional Distribution, April 1990.
In 1991 SYSCO created a subsidiary called the SYGMA Network, Inc. to consolidate its chain restaurant distribution systems and improve its service to chain restaurants.
By 1997 SYGMA consisted of 11 distribution centers serving customers in 37 states, and posted sales of $1.3 billion.
Hassell, Greg, "The Sage of Sysco: Retired Founder Still at Work," Houston Chronicle, July 10, 1998.
New fold-outs were being created about every six months, and several significant acquisitions were co mpleted in 1999.
Lindig took on the additional role of chairman in 1999 but then retir ed the following year, when Charles Cotros became SYSCO's fourth CEO and chairman as well.
One of Cotros's first tasks was shepherding thr ough one of the company's largest deals, the 2000 purchase of FreshPo int Holdings, one of the biggest distributors of wholesale produce in the United States.
Early in 2001 SYSCO acquired a group of specialty meat supply operati ons in Texas, doing business under the names Freedman Food Service an d Texas Meat Purveyors, that specialized in supplying fresh meat to u pscale restaurants.
Significantly bolstering it s presence north of the border, SYSCO bought Serca Foodservice from S obey's, Inc. for about $280 million in early 2002.
International Food reported 2003 revenues of $77.8 million.
SYSCO managed to achieve gains in both sal es and earnings for the 29th straight year in fiscal 2005, but the ga ins were very small, 6 percent for earnings, which totaled $961.5 million, and just 3.2 percent for revenues, which nevertheless passe d the $30 billion mark for the first time.
"SYSCO Corporation ." International Directory of Company Histories. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/sysco-corporation-0
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