Sysco to Acquire Jetro Restaurant Depot for $29.1B

Sysco has entered into a definitive agreement to acquire Jetro Restaurant Depot in a deal valued at $29.1 billion. Under the terms, Jetro Restaurant Depot shareholders will receive $21.6 billion in cash proceeds and 91.5 million Sysco shares.

The transaction is designed to expand Sysco into the cash & carry channel, positioned as higher-margin, growing, and resilient. Jetro Restaurant Depot will operate as a standalone business segment within Sysco. The deal is expected to be immediately accretive to margins, EPS, and free cash flow, with synergies targeted from the combination.