Sysco's CEO, Kevin Hourican on their $29 billion dollar acquisition
In this episode of HBJ On the Record, Houston Business Journal's Sean McCrory and finance reporter Chandler France sit down with Kevin Hourican, CEO of Sysco — the Houston-based food distribution giant behind the restaurants you eat at every day.
Kevin breaks down the inside story of Sysco's landmark $29.1 billion acquisition of Restaurant Depot (Jetro), the "Costco for restaurants" serving hundreds of thousands of independent mom-and-pop eateries. He explains why the deal is about saving restaurants money — not raising prices — and how combining two massive food businesses creates a…
The skinny
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