Sysco Corp., said it agreed to acquire Royalty Foods Inc., a specialty meat distributor in Orlando, Fla. Sysco did not disclose financial terms of the agreement, which its Sysco/Buckhead Beef distribution unit expects to complete May 29

Food & Drink Weekly, May 30, 2005

Sysco Corp., said it agreed to acquire Royalty Foods Inc., a specialty meat distributor in Orlando, Fla. Sysco did not disclose financial terms of the agreement, which its Sysco/Buckhead Beef distribution unit expects to complete May 29. Royalty Foods, a certified Angus beef distributor, had sales of about $75 million last year.

The company operates a 65,000-square-foot steak cutting facility and supplies fresh, frozen and dried foods to commercial operations in the Southeast. Sysco owns 15 other specialty meat operations and has expanded that distribution in recent years. The company distributes food and related products to about 400,000 restaurants and cafeterias and generated $30 billion in revenue last year.