The world’s largest food distributor Sysco announced plans to purchase Appart’s Food Service earlier this month. Although the deal still needs final approval before they are Appert’s can be legally handed over to Sysco, both companies believe it should be finished by January, 2013. So, what exactly does this deal mean for the two food-based companies? If you’re interested in learning more, keep reading and we’ll take a closer look at why Sysco decided to buy out Appert’s Food Service, and what this deal could mean for their future.
Although many people have never even heard of them, Appert’s Food Service has been in business for over 75 years. They are a family-owned independent food distributor that offers both national and local products to their customers and clients. Some of the products offered through Appert’s Food Service include produce, dairy, meats, baked goods, beverages and even processing and manufacturing equipment. They also have a retail outlet located in St. Cloud, MN that’s available to the public. If you live in or around the area, you might want to check them out, as they have some really great deals.
As you can see, Appert’s Food Service offers a lot of the same products and services as Sysco, which is probably why they decided to buy them out. However, this is really a win-win deal for both companies involved. Sysco becomes larger and hopefully makes more profit, while Appert’s Food Service grows and expands. The only difference is that they will be owned by Sysco. Business will continue to operate as usual at the retail store and distribution factory where most of the company’s business takes place.
Currently, Appert’s Food Service has roughly 300 employees working for them. Some of these employees work at the retail store, while others work at the distribution factory. Appert’s president and CEO Joe Omann made a statement saying that all 300 employees would still have their jobs once the deal with Sysco was completed. This came as good news to those employees who were skeptical of their job security upon first hearing the news.
The deal between Sysco and Appert’s Food Service still needs government approval before it’s finalized. Since the 2012 year is drawing to a close in a matter of weeks, it’s doubtful the deal will be finalized before 2013. In any case, both companies are pushing forward and trying to expedite the process as much as possible.