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Sysco CEO Kevin Hourican on $29 billion Jetro Restaurant Depot deal: A gem of an asset

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Sysco is acquiring Jetro Restaurant Depot in a $29 billion deal, and CEO Kevin Hourican discussed transaction details and the company's growth outlook on CNBC's Squawk Box. The acquisition is a material strategic move that should expand Sysco's scale and reshape its competitive positioning in foodservice distribution.

Analysis

Sysco is acquiring Jetro Restaurant Depot in a $29 billion deal, and CEO Kevin Hourican discussed transaction details and the company's growth outlook on CNBC's Squawk Box. The acquisition is a material strategic move that should expand Sysco's scale and reshape its competitive positioning in foodservice distribution.

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