Sysco Buys Uk Foodservice Supplier Fairfax Meadow From Hilton Food Group

Credit: Sysco GB and Hilton Foods Group.

Sysco has acquired UK foodservice supplier Fairfax Meadow from UK nutrient business Hilton Food Group successful a £54m ($75.2m) deal.  

In a connection coming (29 September), Sysco described Fairfax Meadow arsenic “one of nan UK’s starring catering butchers”.

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Fairfax Meadow employs 360 unit and operates 3 accumulation and distribution sites successful nan UK: successful Derby, Enfield and Eastleigh.

Sysco, 1 of nan world’s largest foodservice suppliers, said Fairfax Meadow will adhd nutrient manufacturing capacity to its business successful nan UK.

Last October, nan US elephantine snapped up Scottish nutrient and food supplier. Campbell’s Prime Meat.

Sysco said it now had “an unrivalled nationalist nutrient distribution network”. 

Paul Nieduszynski, nan CEO of Sysco’s operations successful Great Britain, added: “We person a strategical attraction connected providing nan champion centre of sheet connection successful foodservice, and nan acquisition of Fairfax Meadow is simply a important adjacent measurement successful our scheme to build activity successful nan captious nutrient category. 

“We judge this is simply a complementary fresh for Sysco GB, strengthening our caller nutrient proposition crossed nan state and bringing moreover greater worth to our customers.”

The woody includes a three-year statement pinch Hilton Food Group, which will proviso Fairfax Meadow pinch nutrient products.

Hilton Food Group had owned Fairfax Meadow since 2021. In a London Stock Exchange filing today, nan institution was “a further measurement successful aligning nan business much intimately pinch its halfway strengths”.

Earlier this month, Steve Murrells, Hilton Food Group’s CEO, said nan nutrient and seafood business had started a task “that focuses connected sharpening our early priorities”.

The institution said today: “Work connected this task is progressing well, and a further update will beryllium provided successful owed course.”

Murrells added: “By refining our portfolio and focusing resources wherever our world expertise and beardown customer partnerships create nan top opportunities, we are reinforcing nan level for sustained maturation and delivering charismatic semipermanent returns.”

In nan first half of Hilton Food Group’s financial year, a six-month play that ran to 29 June, gross roseate 7.6% to £2.09bn.

However, operating profit fell 5.3% to £41.3m. Profit for nan play stood astatine £17.1m, down from £17.9m successful nan first half of 2024.

In June, nan institution confirmed plans for its first North American processing and distribution tract successful Brantford, Ontario.

Earlier this year, nan group formed a associated task with The National Agricultural Development Company (NADEC) successful Saudi Arabia.  

Hilton Food Group plans to create accommodation successful Saudi Arabia, while NADEC will proviso nan task and adhd reddish nutrient products to its distribution network.  

The UK institution will clasp a 49% interest, contributing £6.5m ($8.4m) of nan first SAR60m ($16m) investment.