Sysco (NYSE:SYY) has announced the appointment of new executive chairman.

Sysco Gets New Executive Chairman

The board of directors of Sysco (NYSE:SYY) has named Manny Fernandez, currently the non-executive chairman of Sysco, as the company’s executive chairman, effective immediately.

Bill DeLaney, Sysco (NYSE:SYY)’s president and chief executive officer said, “We are pleased that Manny will be providing our senior team with more of his unique leadership and technology capability as we move forward with implementing Sysco (NYSE:SYY)’s strategies for future success.”

Sysco (NYSE:SYY) shares were at 30.10 at the end of the last day’s trading. There’s been a 0.7% change in the stock price over the past 3 months.

Sysco (NYSE:SYY) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.4
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.6
Zack’s Rank: 4 out of 8 in the industry

Sysco (NYSE:SYY) has opened a new distribution center in Texas.

Sysco Opens Texas Distribution Centre

As a part of the move to expand its operations, the US based food service company Sysco (NYSE:SYY) has opened a new distribution center in Schertz, Texas.

Bill Fisher, president and CEO of Sysco (NYSE:SYY) Central Texas said, “The size of the new distribution center allows Sysco (NYSE:SYY) to provide better service and expanded food product line for its customers. Sysco (NYSE:SYY) Central Texas serves customers from as far as Waco to Corpus Christi to the Rio Grande Valley.”

Sysco (NYSE:SYY) shares were at 29.49 at the end of the last day’s trading. There’s been a 2.5% change in the stock price over the past 3 months.

Sysco (NYSE:SYY) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.6
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.6
Zack’s Rank: 4 out of 7 in the industry

Sysco (NYSE:SYY) has agreed to acquire Chicago-based European Imports.

Sysco To Buy European Imports

According to an announcement made by the company, it has reached an agreement to purchase European Imports.

The acquisition is expected to be completed in the coming weeks.

Chuck Staes, Sysco (NYSE:SYY)’s senior vice president-Northern Region said, “European Imports has a well-earned reputation and impressive track record in the high-end, specialty import products segment, and we are thrilled that they will be joining Sysco (NYSE:SYY). This is an excellent strategic fit, which will help Sysco (NYSE:SYY) be a better competitor in this segment. European Imports will be a stand-alone business that will complement our Sysco (NYSE:SYY) broad line and specialty operations.”

Sysco (NYSE:SYY) shares were at 29.40 at the end of the last day’s trading. There’s been a 7.1% change in the stock price over the past 3 months.

Sysco (NYSE:SYY) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.6
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.56
Zack’s Rank: 3 out of 7 in the industry

Sysco (NYSE:SYY) has decided to expand its food distribution facility in Lincoln.

Sysco (NYSE:SYY) Expanding Distribution

Houston-based food distribution company Sysco (NYSE:SYY) said that it is planning to nearly double the size of its food distribution facility at 800 Cattail Road, near Lincoln Airport.

According to Charley Wilson, a spokesman for Sysco (NYSE:SYY), “We’re looking to the future to make sure we have a modern distribution facility. Because the expansion’s aim is to put the company.”

Sysco (NYSE:SYY) stocks are currently standing at 31.17.

Price History
Last Price: 31.17
52 Week Low / High: 27.13 / 32.76
50 Day Moving Average: 31.08
6 Month Price Change %: 2.7%
12 Month Price Change %: 4.3%

Sysco (NYSE:SYY) has selected KBR’s building group to build a new distribution centre in Boston.

Sysco (NYSE:SYY) Makes New Centre Deal

Under this new deal, a 632,767 square foot food distribution facility for Sysco (NYSE:SYY) in Plympton will be designed and constructed by KBR’s building group.

The work includes the design and construction of a new warehouse, office and distribution centre including the architectural, structural, mechanical, and electrical elements.

Mac Carpenter, Building Group Senior Vice President said, “Our extensive experience with cold storage/distribution facilities, combined with our design-build track record on multiple Sysco (NYSE:SYY) projects led to the Building Group’s selection. We are pleased to continue our work with Sysco (NYSE:SYY) and look forward to helping our client to further expand its business.”

Sysco (NYSE:SYY) shares are currently standing at 30.77.

Price History
Last Price: 30.77
52 Week Low / High: 27.13 / 32.76
50 Day Moving Average: 29.93
6 Month Price Change %: 5.5%
12 Month Price Change %: 4.3%

Sysco (NYSE:SYY) has announced the acquisition of California based Goldberg & Solovy Foods, Inc.

Sysco (NYSE:SYY) Makes Key Acquisition

According to an announcement made by the company, it acquired California based Broadline foodservice distributor Goldberg & Solovy Foods from May 24, 2011 onwards.

The management team and employees of G&S will remain with the company.

Scott Sonnemaker, Sysco (NYSE:SYY)’s senior vice president, western region said, “G&S’ protein specialty and high-quality customer service are an ideal fit with Sysco (NYSE:SYY)’s culture and operations. We welcome the G&S team to Sysco (NYSE:SYY) and look forward to working together to continue to grow the business.”

Sysco (NYSE:SYY) stocks were at 31.99 at the end of the last day’s trading. There’s been a 14.6% change in the stock price over the past 3 months.

Sysco (NYSE:SYY) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.6
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.45
Zack’s Rank: 5 out of 7 in the industry

Sysco (NYSE:SYY) Canada has acquired the foodservice business unit of Bedell.

Sysco (NYSE:SYY) Makes Food Acquisition

A report says that the US-based food distribution giant Sysco (NYSE:SYY) has acquired Foodservice Distributors of Bedell to expand its operation in the region.

This move is expected to bring more than 130 new jobs in Bedell’s locations in Windsor, London and Dover Centre.

Lloyd Shepley, Bedell’s general manager of local operations said, “Its great news for all of us. Sysco (NYSE:SYY) is the largest food distributor in North America and this gives us more stability as a company moving forward. It will also give our employees greater opportunities for advancement and relocation. I see it as a great situation for our company, our employees and the local community.”

Sysco (NYSE:SYY) company shares are currently standing at 31.57.

Price History
Last Price: 31.57
52 Week Low / High: 27.13 / 32.76
50 Day Moving Average: 28.22
6 Month Price Change %: -4.9%
12 Month Price Change %: -7.7%

Sysco (NYSE:SYY) has completed a $5.7 million property deal in Plympton, MA.

Sysco (NYSE:SYY) Signs Property Deal

Reports say that the US based food service giant Sysco (NYSE:SYY) has completed a $5.7 million land purchase for a huge distribution center in Plympton.

The construction of this 650,000-square-foot building is expected to begin in a month and could be open by July 2012.

Fred Casinelli, President Sysco (NYSE:SYY) Boston said, “We’re going to move pretty fast. The center will replace Sysco (NYSE:SYY)’s current location in Norton. The company expects to add about 75 employees to its work force.”

Sysco (NYSE:SYY) stocks were at 28.65 at the end of the last day’s trading. There’s been a -0.8% change in the stock price over the past 3 months.

Sysco (NYSE:SYY) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.6
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.45
Zack’s Rank: 5 out of 7 in the industry