Sysco Buys Restaurant Depot for $29B

0:00It's March 30th. This is Global News Today, driven by AI tracking the world in real time. Cisco, the biggest food distributor in the country, just announced it's buying restaurant depot in a massive deal worth more than $29 billion. This move ties Cisco even closer to small restaurants that graft supplies on the fly through cash and carry warehouses, blending their regular delivery, service with quickstop needs. The restaurant depot started as a family business in Brooklyn back in 1976 and grew into the top wholesaler for mom and pop spots. Offering memberships for instant access to everything from eggs to napkins. For customers like independent eateries, this means leaning harder on Cisco for daily stock, tapping into a fast-growing, high-profit corner of the industry that serves over 700,000 spots nationwide. Both company boards gave the green light, but regulators still have to sign off before it all locks in, potentially reshaping how restaurants stay.

1:01Stocked up.