Acquisition strengthens company’s presence in foodservice sector.
Latest In Grocery & Foodservice Distribution
Foodservice distributor reported a loss of $7.6 million.
Combined businesses have formed QCD Rocky Mountain.
Acquisition will strengthen company's product offerings.
Year-to-date sales down 8.5 percent year-over-year.
Company reports loss of $9.8 million for the quarter.
Year-to-date sales decreased 4.3 percent year-over-year.
CEO: Divestment to help company "build on core strengths."
Acquisition strengthens company's presence in the in-flight connectivity sector.
Alan Tomblin will start his role as president & CEO on Nov. 1.
Sales also increase 10 percent to $13.6 billion in fourth quarter.
Wholesale and retail sales decreased, while Save-A-Lot sales increased.
Year-to-date sales up 5.7 percent year-over-year.
Company to expand wholesale business with acquisitions in four states.
Supplies on the Fly is an e-commerce platform exclusively serving Sysco customers.
Summit Partners to remain significant investor in distributor.
