Sysco Corporation is a global leader in the distribution and marketing of food products, serving the foodservice and hospitality industries. The company was founded in 1969 by John F. Baugh in Houston, Texas, USA. It began as a small food distributor, and over the years, it has grown through acquisitions and expansion to become one of the largest foodservice distributors in the world.
Sysco's primary business is distributing a wide range of food products, including fresh and frozen meats, seafood, dairy products, fruits and vegetables, bakery items, and other foodservice supplies. The company serves a diverse customer base, including restaurants, healthcare facilities, schools, hotels, and other institutions that require food products in large quantities.
As a leading foodservice distributor, Sysco plays a crucial role in the food supply chain, connecting food manufacturers with the end-users in the hospitality and foodservice sectors. They operate a vast distribution network that spans across North America and several other countries.
Sysco is listed on the New York Stock Exchange (NYSE) under the ticker symbol "SYY." It is a component of various stock market indices, including the S&P 500, indicating its significance in the food industry and the broader market.
Over the years, Sysco has expanded its business through strategic acquisitions of other foodservice distribution companies. This expansion has allowed the company to enhance its product offerings, increase its geographic reach, and improve its service capabilities.
In addition to food distribution, Sysco also provides various services to its customers, such as menu planning, culinary support, and technology solutions to streamline operations and improve efficiency in the foodservice industry.