Jetro Restaurant Depot

Money Moves

Target — agreed to $29.1 billion sale to Sysco

Sysco, the company that delivers food to roughly one in every six restaurants in America, announced on March 30 that it would buy Jetro Restaurant Depot—the nation's largest cash-and-carry wholesaler—for $29.1 billion. The deal would combine Sysco's truck-based delivery empire with Restaurant Depot's 166 warehouse stores where independent restaurant owners walk in, load a cart, and pay cash. If approved, it would create an omnichannel food distribution giant serving more than a million customers through both delivery and self-service.

Updated 3 hours ago