Sysco to buy London-based Brakes Group for $3.1 billion

February 22, 2016 1:28 PM

5 0

Sysco Corp (SYY.N), the largest U.S. food distributor, said it will buy London-based food distributor Brakes Group from Bain Capital Private Equity in a transaction valued at about $3.1 billion to strengthen its presence in Europe.

The deal, which is expected to immediately add to earnings, includes the repayment of about $2.3 billion of Brakes' debt, Sysco said in a statement..

Also read: New York MTA Approves $2.9 Billion Capital Spending Increase

Read more

To category page