Sysco to acquire Jetro Restaurant Depot for $29B; McCormick and Unilever merge in a $29.1B deal

Sysco is set to acquire Jetro Restaurant Depot for approximately $29 billion, with both companies' boards approving the deal pending regulatory approval. Meanwhile, McCormick & Co. and Unilever have agreed to merge McCormick with Unilever's Foods business in a transaction valued at $29.1 billion, where Unilever shareholders will own about 65% of the combined company. These major deals highlight ongoing consolidation in the food and distribution sectors, potentially reshaping market dynamics. Regulatory reviews and shareholder approvals are the next steps before these transactions close.