SYY deal with Jetro Restaurant Depot plus $500M AI efficiency program
SYY said a major transaction with Jetro Restaurant Depot would form a leading multi-channel foodservice platform, backed by a $500 million AI-driven efficiency program and robust financial guidance.
Sysco said its transaction with Jetro Restaurant Depot is set to create a leading multi-channel foodservice platform. The combined company is backed by a $500 million AI-driven efficiency program and what it described as robust financial guidance. It said the combined entity targets strong sales, EPS growth and rapid deleveraging, with significant cash.