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Sobeys to Divest its Foodservice Operations and Form Alliance With Sysco
STELLARTON, NOVA SCOTIA and TORONTO, ONTARIO - Sobeys Inc., Canada's second largest retail grocer and distributor, announced today that it has entered into a definitive agreement to sell substantially all of the assets of its SERCA foodservice operations to SYSCO Corporation, the largest foodservice marketing and distribution company in North America. -
Transora Lays Off 15% of Workforce, Says Merger Possible
CHICAGO - Transora, the business-to-business online exchange that links manufacturers, suppliers and retailers in food, beverage and packaged goods industries among others, has laid off about 15 percent of its work force, and its CEO says a merger with another exchange is a possibility, the Chicago Sun-Times reports.