Sysco’s Acquisition of Greco and Sons

Cleary Gottlieb Steen & Hamilton LLP represented Sysco Corporation in the transaction.

Sysco Corporation (NYSE: SYY) entered into an agreement to acquire Greco and Sons, a leading independent Italian specialty distributor in the United States. Greco operates 10 distribution centers servicing 22 geographies nationwide, with approximately $800 million in annual revenue.

Founded in 1990, Greco and Sons imports and distributes a full line of premium quality food and non-food products as well as manufactures value-added specialty meat products. Upon completion of the transaction, Greco and Sons will operate as a standalone division within Sysco, similar to our existing specialty produce and protein businesses. Sysco expects to retain the executive leadership team of Greco and Sons, as well as all current associates.

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.

The Cleary Gottlieb’s corporate team included partner Jim Langston (Picture), associates Kelsey Nussenfeld and Andrew Wood, and law clerks Christine Song and Andrew Khanarian. The antitrust team included partners Brian Byrne and Elaine Ewing and associates Blair Kuykendall and Benjamin Hayes. The tax team includes partners Meyer Fedida and Corey Goodman and associate JinSol Lee. The executive compensation and employee benefits team incudes partner Audry Casusol, counsel Laura Bagarella, and associate Francesca Crooks. The IP team includes partner Daniel Ilan, associate Michelle Elsner, and law clerk Lindsay Harris.  The environmental team includes counsels Beau Sterling and Richard Bidstrup, and associate Madison Bush.  The finance team includes partner Amy Shapiro and associates Jae Ryu and Lucas Hildebrand. Senior attorney Jim Corsiglia provided compliance advice. The real estate team included senior attorney Joshua Panas, associate Adam Mengler, and senior real estate staff attorney David Groman. 

Involved fees earner: Laura Bagarella – Cleary Gottlieb Steen & Hamilton; Richard Bidstrup – Cleary Gottlieb Steen & Hamilton; Madison Bush – Cleary Gottlieb Steen & Hamilton; Brian Byrne – Cleary Gottlieb Steen & Hamilton; Audry Casusol – Cleary Gottlieb Steen & Hamilton; James Corsiglia – Cleary Gottlieb Steen & Hamilton; Francesca Crooks – Cleary Gottlieb Steen & Hamilton; Michelle Elsner – Cleary Gottlieb Steen & Hamilton; Elaine Ewing – Cleary Gottlieb Steen & Hamilton; Meyer Fedida – Cleary Gottlieb Steen & Hamilton; Corey Goodman – Cleary Gottlieb Steen & Hamilton; David Groman – Cleary Gottlieb Steen & Hamilton; Lucas Hildebrand – Cleary Gottlieb Steen & Hamilton; Daniel Ilan – Cleary Gottlieb Steen & Hamilton; Blair Kuykendall – Cleary Gottlieb Steen & Hamilton; James Langston – Cleary Gottlieb Steen & Hamilton; JinSol Lee – Cleary Gottlieb Steen & Hamilton; Adam Mengler – Cleary Gottlieb Steen & Hamilton; Kelsey Nussenfeld – Cleary Gottlieb Steen & Hamilton; Joshua Panas – Cleary Gottlieb Steen & Hamilton; Jae Hyung Ryu – Cleary Gottlieb Steen & Hamilton; Amy Shapiro – Cleary Gottlieb Steen & Hamilton; Beau Sterling – Cleary Gottlieb Steen & Hamilton; Andrew Wood – Cleary Gottlieb Steen & Hamilton; Benjamin Hayes – Goodwin Procter;

Law Firms: Cleary Gottlieb Steen & Hamilton; Goodwin Procter;

Clients: Sysco Corporation;

Author: Martina Bellini