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Sysco Acquires Doerle Food Services

HOUSTON, Feb. 19, 2018 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced it has acquired Doerle Food Services, a leading Louisiana broadline distributor with approximately $250 million in annual foodservice distribution sales.

With its headquarters in Broussard, Louisiana, Doerle Food Services was founded in 1950 by Paul Doerle, Sr., as a small, local produce distributor. Since then, the family-owned business has grown into a multi-million dollar broadline distributor, servicing parts of a six state area, including Oklahoma, Texas, Arkansas, Louisiana, Mississippi, and Alabama.

“We are excited to welcome Doerle and its rich, long history to the Sysco family,” stated Tom Bené, Sysco’s president and chief executive officer. “Doerle has a sterling reputation of providing the highest quality products, cultivating deep, long-term relationships with customers and suppliers and providing impeccable service. We believe these principles align with Sysco’s vision of being our customers’ most valued and trusted business partner.”  

Sysco is acquiring the foodservice distribution business of Doerle Food Services. Doerle Energy & Marine is not part of the transaction. Sysco expects to retain the executive management team of the foodservice distribution business.

“As part of our strategic M & A plan, Sysco is focused on finding attractive growth opportunities which complement or expand the footprint of our core business,” continued Bené. “The acquisition of Doerle is a great fit for Sysco and reaffirms our commitment to creating value for our customers, associates and shareholders.”

About Sysco

Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With over 65,000 associates, the company operates approximately 300 distribution facilities worldwide and serves more than 500,000 customer locations. For fiscal 2017 that ended July 1, 2017, the company generated sales of more than $55 billion.

For more information, visit www.sysco.com or connect with Sysco on Facebook at www.facebook.com/SyscoCorporation or Twitter at https://twitter.com/Sysco.  For important news and information regarding Sysco, visit the Investor Relations section of the company's Internet home page at http://investors.sysco.com/, which Sysco plans to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information.  Investors should also follow us at www.twitter.com/SyscoStock and download the Sysco IR App, available on the iTunes App Store and the Google Play Market. In addition, investors should continue to review our news releases and filings with the Securities and Exchange Commission.  It is possible that the information we disclose through any of these channels of distribution could be deemed to be material information.

About Doerle Food Services

Doerle Food Services is an innovative, independent food service distributor with a diversified customer base, operating in a mode of strategic planning, and offering superior products and services at competitive prices, along with up-to-date technology solutions. The Company services a customer service base which includes family and white tablecloth restaurants, fast food multi-unit chains, healthcare institutions, casinos, schools, government contracts, and the oil & gas industry. 

/EIN News/ -- For more information contact:
                                               
Neil Russell                                
Investor Contact                         
T 281-584-1308  

Camilla Zuckero
Media Contact
281-899-1839
Zuckero.camilla@corp.sysco.com

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