Sysco is set to acquire Illinois-based Waugh Foods. Waugh is a distributor of various food products, including fresh and frozen seafood.
As a company focused on marketing and distributing food products, Sysco could potentially expand its regional reach by adding Waugh Foods to its portfolio. Waugh Foods generates annual sales of around $40 million, mostly from central Illinois. Waugh offers nearly 600 seafood products, like battered shrimp, catfish fillets, halibut steaks, and salmon burgers.
Other recent acquisitions made by Sysco include Kent Frozen Foods in the U.K, Doerle Food Service in Louisiana and HFM in Hawaii among others. It also bought 50% stake in in Mayca Distribuidores of Costa Rica.