economy
Sysco CEO says he’s 'confident' Restaurant Depot takeover will get approved
Sysco CEO Kevin Hourican said he is “confident” the $29 billion Restaurant Depot acquisition will win regulatory approval and close in early 2027.
TL;DR
- Sysco CEO Kevin Hourican is confident the acquisition of Restaurant Depot will be approved by regulators.
- The deal, valued at approximately $29 billion, is expected to close in the first quarter of 2027.
- Hourican believes regulatory approval is likely because Sysco and Restaurant Depot largely serve different customers through distinct distribution models.
- Restaurant Depot caters to smaller independent restaurants that pick up products from warehouses, while Sysco primarily delivers to larger customers.
- The acquisition aims to expand Restaurant Depot's cash-and-carry business model to hundreds of additional locations.
- Sysco's previous attempt to acquire rival US Foods was blocked by a federal judge in 2015.