Montreal — Metro Inc. has agreed to sell its Distagro food service division to Sysco Canada Inc., a subsidiary of Sysco Corp. The sale reflects the intention of Metro’s management to focus on its core supermarket and drug store businesses.
Metro Inc. has agreed to sell its Distagro food service division to Sysco Canada Inc., a subsidiary of Sysco Corp. The sale reflects the intention of Metro’s management to focus on its core supermarket and drug store businesses.
The transaction primarily involves a Distagro warehouse in Boucherville that mainly supplies restaurant chains and convenience stores. Metro will continue to operate a warehouse in Saint-Jean-Port-Joli that serves the Marché Ami, Marché Extra, Service, Servi Express and Dépanneur Gem banners that have been supplied by Distagro.
The deal is expected to close around mid-December, subject to the usual closing conditions and regulatory approvals.
