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

February 22, 2016 1:28 PM

11 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: Britain Unlikely to Review Comcast’s $30 Billion Sky Deal

Read more

To category page

Loading...