In a joint announcement, SYSCO and Sobeys have stated their intention to offer for sale the Pacific Division of SERCA Foodservice Inc. The move is to allow SERCA to continue functioning as a broadline foodservice distributor, independent of SYSCO.
SYSCO is North America’s largest foodservice marketing and distribution company, with some 370,000 customers. Sobeys is the second largest grocery retailer and distributor in Canada.
The two companies have previously announced the acquisition of SERCA by SYSCO, from Sobeys. The sale of SERCA’s Pacific Division follows on from that agreement.
Both SYSCO’s acquisition of SERCA and the sale of the Pacific Division remain subject to conditions, including gaining the approval of the Competition Bureau of Canada.