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Sysco company history timeline

1970

SYSCO went public in 1970 and that year made its first acquisition, o f Arrow Food Distributor.

1974

Cotros, who had been the firm's president, had joined SYSCO in 1974.

1976

In 1976 SYSCO acquired Mid-Central Fish and Frozen Foods Inc., expanding the company's distribution capabilities around the nation.

1980

"Great Distributor Organization Study: SYSCO Corporation," Institutional Distribution, June 1980.

1981

1981: SYSCO becomes the largest United States foodservice distribution company.

1983

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.

1984

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.

1985

In 1985, Major-Hoskings acquired and integrated a fresh produce business into the foodservice operation.

Baugh was chairman of Sysco’s board until 1985.

1987

Sysco Corporation acquired Major-Hoskings in 1987, and a new name was adopted, Major-Sysco.

1988

SYSCO's largest acquisition to date occurred in 1988, when the company paid $750 million for CFS Continental, at that time the third largest food distributor in the country, which added 4,500 employees and increased the number of markets SYSCO served to 148 out of the top 150 markets.

1990

Civin, Robert, “Sysco: Distribution’s $7-Billion Entrepreneur,” Institutional Distribution, April 1990.

1991

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.

1995

Beginning in 1995, however, SYSCO added a "fold-out" expansion strategy as an additional method of growth.

1996

In 1996 Sysco was the third largest company in Houston.

1997

By 1997 SYGMA consisted of 11 distribution centers serving customers in 37 states, and posted sales of $1.3 billion.

After that, he was senior chairman through 1997.

1998

Hassell, Greg, "The Sage of Sysco: Retired Founder Still at Work," Houston Chronicle, July 10, 1998.

SERCA had been owned by the supermarket giant Oshawa Group, which was acquired by Sobeys in 1998.

1999

In 1999 Sysco acquired Newport Meat Company, which generated a yearly revenue of $100 million supplying meat to over 1,000 restaurants.

2000

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.

2001

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.

2002

In May 2002 the company opened its first niche fold-out: a Buckhead Beef branch that began providing fresh-cut meat to the Ne w York metropolitan area.

In 2002, Sysco purchased SERCA Foodservices and renamed it Sysco Canada.

2003

International Food reported 2003 revenues of $77.8 million.

In 2003, Sysco purchased Asian Foods, the largest Asian foods distribution in North America.

2005

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.

2009

In 2009, Sysco acquired Pallas Foods, the largest food distributor in Ireland.

2012

Continuing the expansion of their Irish offerings, in 2012, Sysco purchased Crossgar Foodservice for an undisclosed amount.

2013

On December 9, 2013, Sysco announced they would acquire US Foods for a total of $3.5 billion.

2015

On June 29, 2015, Sysco terminated its merger with US Foods.

2022

"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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Sysco may also be known as or be related to Sysco, Sysco Corporation and Sysco Houston, Inc.