SYSCO to acquire Desert Meats & Provisions
Desert Meats & Provisions, Inc. is the largest independent specialty meat distributor in the Las Vegas and southern Nevada foodservice markets.
22/02/06 SYSCO Corporation has announced the signing of a non-binding term sheet to acquire Desert Meats & Provisions, Inc., the largest independent specialty meat distributor in the Las Vegas and southern Nevada foodservice markets. Terms of the transaction, which is subject to successful completion of SYSCO's due diligence, were not disclosed.
Desert Meats & Provisions was founded in 1978 by Harlon Unruh, who continues to serve as the company's chief executive officer. The company operates from a 25,000-square-foot, state-of-the-art, USDA-inspected processing and distribution facility in Las Vegas, distributing more than 1,200 products, including fresh and frozen specialty and variety meats, aged beef, pork, lamb, veal, poultry and processed meat. The company's diverse base of customers includes more than 200 premier Las Vegas mega-resorts, hotel-casinos, and fine "white tablecloth" restaurants. For its fiscal year ended December 31, 2005 the company generated sales of approximately $55 million.
SYSCO is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. For the fiscal year 2005 that ended July 2, 2005, the company generated $30.3 billion in sales.
