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Sysco Corp plans to acquire Waugh Foods

Sysco Corporation (NYSE:SYY), the Houston TX-based global foodservice distribution company, has entered into a definitive agreement to acquire Waugh Foods Inc, a leading Illinois broadline distributor with approximately $40 million in annual sales.

Headquartered in East Peoria IL, Waugh Foods has been in business for 70 years. Joseph A Waugh Sr founded Waugh Frozen Food Company in 1948, and in 1966, after additions to the company’s product lines, the name was changed to Waugh Foods Inc. Today, the company provides a wide variety of products to customers throughout central Illinois.

“Waugh Foods has a long, rich history in the Central Illinois area, which includes strong relationships with local independent operators,” said Greg Bertrand, Sysco executive vice president, US foodservice operations. “We are excited to welcome Waugh into the Sysco family and believe this acquisition is a perfect complement to our existing local and regional presence.”

Executives with Waugh Foods will continue to manage the business, including Rick Look, Waugh president; Tim Waugh and Joe Waugh Jr.

With more than 67,000 associates, Sysco operates about 330 distribution facilities worldwide and serves more than 600,000 customer locations. For the fiscal year that ended June 30, 2018, the company generated sales of more than $58 billion.

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