August 30, 2012
Sysco to acquire Louisiana Foods
Sysco Corp will acquire Louisiana Foods, a Houston-based seafood and distribution business in the US.
Houston-based Sysco plans to keep all of Louisiana Foods' employees and its two local locations in downtown Houston and Stafford, said Charlie Wilson, Sysco's vice president of corporate communications.
The acquisition will also expand Louisiana Foods' current distribution reach, said Jim Gossin, who founded the company in 1972. Currently, Louisiana Foods distributes seafood products such as fresh fish and prepared gumbo to locations throughout Texas and western Louisiana, but Sysco plans to increase the distribution throughout Texas, Oklahoma, Arkansas and Louisiana.
Louisiana Foods has distributed seafood to Sysco for more than 20 years, and Gossin added that he is pleased he can continue working with the company.
"Sysco has so many more avenues for us that we couldn't get on our own," he said, citing that Sysco will not only increase its distribution, but in the future, may also consider consolidating Louisiana Foods' facilities into one larger location.
Sysco will also benefit from the acquisition because it will increase its variety of specialty foods, like gumbo and etouffee, Gossin said.
In addition to founding Louisiana Foods, Gossin also co-owned multiple seafood restaurants, including Landry's Seafood restaurant, which he eventually sold to Tilman Fertitta, CEO of Landry's Inc.
Sysco and Louisiana Foods did not disclose the cost of the acquisition.