Operations

Sysco to acquire fresh produce distributor/processor

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December 6, 2021

Sysco Corp. a global foodservice distribution company, has agreed to acquire The Coastal Companies, a fresh produce distributor and value-added processer, from Continental Grain Co., for an undisclosed sum, according to a press release.

Upon completion of the transaction, the acquisition will operate as part of FreshPoint, Sysco's specialty produce business. The acquisition will create a FreshPoint presence in the Mid-Atlantic region, provide value-added manufacturing capabilities and further diversify Sysco's produce specialty business.

Founded in 1992 and based in Laurel, Maryland, The Coastal Companies generates annual revenue of approximately $600 million.