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Sysco Completes Acquisition of the Coastal Companies
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Monday, 28 February, 2022, 08 : 00 AM [IST]
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Houston, USA
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Sysco Corporation, the leading global foodservice distribution company, unveiled has completed the acquisition of The Coastal Companies, a leading fresh produce distributor and value-added processer.
The acquisition will operate as part of FreshPoint, the company’s specialty produce business, and enables the brand to enhance its service to the important Mid-Atlantic region, strategically diversify its portfolio by adding retail and ready-to-eat capabilities and adds state-of-the-art facilities with capacity for growth.
Founded in 1992 and based in Laurel, MD, it generates annual revenue of approximately $600 million, and is comprised of three integrated businesses:
• Foodservice Distribution – Coastal Sunbelt Produce a leading foodservice supplier of produce, specialty, fresh-cut and value-added products in the Mid-Atlantic region.
• Retail Distribution – Lancaster Foods is a wholesale supplier of produce and fresh-cut products to retail distribution centers and store locations.
• Value-Added Manufacturing – East Coast Fresh is a regional processor of fresh-cut and value-added products, manufacturing items such as pre-cut fruits and vegetables, salsas, meal preparation solutions and grab-and-go items.
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