Sysco, the US foodservice distribution giant that owns Brakes, has entered into an agreement to acquire specialist regional wholesaler, Medina Foodservice.
Medina operates from sites on the Isle of Wight and in Southampton, serving customers in Southern England with a range of products such as meat and local produce.
Medina Foodservice will join another regional wholesaler, kff and the fresh businesses Fresh Direct, M&J Seafood, Fresh Fayre and Wild Harvest, within the Sysco Speciality Group portfolio. The company will continue to be run and operated independently by the current management, but with additional support from Sysco.
Raj Tugnait, CEO, Sysco Speciality Group – Europe, said: “Medina Foodservice is a fantastic addition to the Sysco Speciality Group. Its reputation is second-to-none, which is why we’ll preserve its independence, as well as giving the business access to an award-winning portfolio of fresh products and industry-leading management support.
“Together we will help Medina achieve even greater growth through a highly differentiated and tailored customer experience. Medina customers will continue to experience the same local service, product quality and local relationship they rely on.”
Steve Ross, Managing Director at Medina Foodservice, added: “We’re very proud of Medina Foodservice’s heritage and how we’ve grown the business over the years. Joining Sysco will provide the support that will help us in the next stage of our development.
“For our customers it will be business as usual, but with the added reassurance that we have the world’s largest foodservice wholesaler at our side.”
NAM Implications:
- The inevitable result of Lockdown that weaker companies will merge with stronger/larger rivals.
- As night follows day…
- In effect, a warning for all suppliers to check for potential prices & terms anomalies…
- …and harmonise before an acquisitive customer does it on your behalf.
