Sobeys, Canada’s second-largest grocer and distributor, and SYSCO Corporation, the US foodservice behemoth, have jointly announced the signing of a definitive agreement to sell the Pacific Division operations of SERCA Foodservice to Gordon Food Service.
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Terms of the transaction were not disclosed.
SERCA’s Pacific Division is headquartered in Delta, and serves customers throughout British Columbia. The operations are offered for sale in connection with the previously announced proposed acquisition by SYSCO of the SERCA foodservice operations from Sobeys.
Both the sale of the Pacific Division operations and SYSCO’s acquisition of the SERCA operations are subject to numerous conditions, including obtaining approval of the federal Competition Bureau. The sale will allow the Pacific Division to continue as a broadline foodservice distributor in British Columbia, independent of SYSCO.
The closing of SYSCO’s acquisition of SERCA and the sale of the Pacific Division to Gordon Food Service are expected to occur simultaneously in the next few weeks.
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