Food service giant Sysco Corp. has agreed to sell 11 US Foods facilities to Performance Food Group. The divestiture is related to Sysco’s pending merger with US Foods, and the sale is contingent upon the completion of the merger.
Sysco said Federal Trade Commission has not yet agreed to the divestiture as a solution to commission’s concerns. Sysco and US Foods plan to present its position, including the divestiture plan, to the FTC and seek to obtain the commissioners’ approval. The majority of the five commissioners must approve the transaction.
“Over the past 12 months, we have worked in good faith with the FTC to help them better understand the highly competitive US foodservice distribution industry and the significant customer benefits that will result from the merger of Sysco and US Foods,” said Bill DeLaney, Sysco president and CEO. “Unfortunately, the FTC has taken a different view of the potential competitive impacts of the merger. While we respectfully but vigorously disagree with the FTC’s analysis, we believe this divestiture package fully addresses its concerns.”
Sysco will now present the package to the regulator and seek its approval.
Full Content: The New York Times
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Turkish Antitrust Authority Approves Tofaş Takeover of Stellantis Distribution Unit
Apr 20, 2025 by
CPI
Ohio Sues United Wholesale Mortgage Over Alleged Broker Collusion
Apr 20, 2025 by
CPI
Italy Reconsiders Digital Services Tax as US Tech Pressure Mounts
Apr 20, 2025 by
CPI
Japan’s Antitrust Regulator to Warn Top Tokyo Hotels Over Pricing Information Sharing
Apr 20, 2025 by
CPI
Senate Judiciary Committee Advances Bipartisan Bills to Address Drug Pricing and Competition
Apr 20, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – The Airline Industry
Apr 10, 2025 by
CPI
Boosting Competition in International Aviation
Apr 10, 2025 by
Jeffrey N. Shane
Reshaping Competition Policy for the U.S. Airline Industry
Apr 10, 2025 by
Diana L. Moss
Algorithmic Collusion in the Skies: The Role of AI in Shaping Airline Competition
Apr 10, 2025 by
Qi Ge, Myongjin Kim & Nicholas Rupp
Competition in U.S. Airline Markets: Major Developments and Economic Insights
Apr 10, 2025 by
Germán Bet