STOCK TITAN

Sysco Celebrates Grand Opening of New State-of-the-Art Distribution and Culinary Center

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary

Sysco (NYSE: SYY) has inaugurated a new 454,000 square foot distribution and culinary center in Northampton, PA, marking its first U.S. Broadline facility in over a decade. This state-of-the-art facility is set to create nearly 250 jobs, enhancing Sysco’s service in the Lehigh Valley, Northeast PA, Poconos, and Northern New Jersey regions.

The center includes a cutting-edge culinary hub for menu testing and development, and customers can benefit from Sysco’s loyalty program, Sysco Perks!, which offers extensive delivery options and industry-leading restaurant solutions worth up to $6,000. The facility will also support Sysco’s Your Way program, providing flexible delivery solutions to local restaurants.

Sysco’s growth strategy includes investments in e-commerce and specialty food divisions, aiming to expand its market reach and customer base. The average wage for job opportunities at the new facility is $75,000 annually, along with comprehensive healthcare and retirement benefits.

Positive
  • New 454,000 sq. ft. distribution center opened in Northampton, PA.
  • Nearly 250 new jobs created with an average wage of $75,000 annually.
  • State-of-the-art culinary center for menu testing and development.
  • Sysco Perks! loyalty program offers up to $6,000 in restaurant solutions.
  • Expansion of Sysco Your Way program for flexible delivery solutions.
  • Investments in e-commerce and specialty food divisions to drive growth.
Negative
  • High initial capital investment for the new facility might impact short-term financials.
  • Operational challenges and costs associated with managing a large new facility.
  • Potential risks if the new facility fails to meet projected operational efficiency.

First new Sysco U.S. Broadline facility in over a decade will create nearly 250 jobs in the community

HOUSTON, May 17, 2024 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY), the leading global foodservice distribution company, today announced the grand opening of Sysco Allentown, a new 454,000 square foot, state-of-the-art distribution center in Northampton, PA. The new location will bring nearly 250 career opportunities to the community and bring Sysco’s industry-leading service and solutions to the Lehigh Valley, Northeast PA, Poconos and Northern New Jersey. For video and b-roll of the event, visit here.

“​Our team at Sysco Allentown is excited to bring customers in these important regions more ​of the best in foodservice with ​our team of industry experts, culinary professionals, on-trend products, and tailored delivery solutions,” said Global Chief Operating Officer, Greg Bertrand. “In addition, Sysco’s Recipe for Growth strategy, including investments in Shop, our e-commerce platform, and other customer-focused programs like Sysco Your Way and our Perks are also helping drive our growth. Our strategy also includes investing in our specialty meat, produce, and Italian companies, as well as ensuring we provide the right assortment for Asian cuisine.”

Sysco Allentown features a top-of-the-line culinary center for collaborating with local customers to test and develop menus. Customers will also have access to Sysco Perks!, the company’s free loyalty program. Qualifying members receive deliveries up to six days per week, exclusive offers and rewards, and up to $6,000 worth of industry-leading restaurant solutions.

The new facility will also expand the reach of the company’s industry-leading Sysco Your Way (SYW) program, providing more local restaurants in Allentown, Bethlehem, Easton and Princeton University the flexibility they need to grow. SYW provides late in the evening order cut-offs, daily deliveries, no order minimums and a dedicated sales and delivery team – all at no additional cost. It’s the kind of service that one customer called “a game changer.”

Bertrand continued, “Sysco Allentown not only provides new growth opportunities in the local market, it also frees up capacity for additional growth at Sysco Central Pennsylvania, Sysco Philadelphia and Sysco Metro New York.”

Career opportunities at Sysco Allentown bring wages averaging $75,000 annually, plus comprehensive healthcare and retirement benefits. For information about career opportunities visit careers.sysco.com.

To become a customer or learn more, visit sysco.com.

About Sysco
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. With more than 72,000 colleagues, the company operates 334 distribution facilities worldwide and serves approximately 725,000 customer locations. For fiscal year 2023 that ended July 1, 2023, the company generated sales of more than $76 billion. Information about our Sustainability program, including Sysco’s 2023 Sustainability Report and 2023 Diversity, Equity & Inclusion Report, can be found at www.sysco.com.

For more information, visit www.sysco.com or connect with Sysco on Facebook at www.facebook.com/SyscoFoods. For important news and information regarding Sysco, visit the Investor Relations section of the company’s Internet home page at investors.sysco.com, which Sysco plans to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information. In addition, investors should continue to review our news releases and filings with the SEC. It is possible that the information we disclose through any of these channels of distribution could be deemed to be material information.

For more information contact: 
   
Investor Contact Media Contact
Kevin Kim Shannon Mutschler
Kevin.Kim@sysco.com Shannon.Mutschler@sysco.com
281-584-1219 281-584-4059



FAQ

What is the size of the new Sysco distribution center in Northampton, PA?

The new Sysco distribution center in Northampton, PA is 454,000 square feet.

How many jobs will the new Sysco Allentown facility create?

The new Sysco Allentown facility will create nearly 250 jobs.

What is the average annual wage for jobs at the new Sysco facility in Northampton, PA?

The average annual wage for jobs at the new Sysco facility is $75,000.

What services does Sysco's new culinary center offer?

Sysco's new culinary center offers menu testing and development services.

What benefits do customers get from Sysco Perks! loyalty program?

Customers get deliveries up to six days a week, exclusive offers and rewards, and up to $6,000 worth of restaurant solutions from Sysco Perks!.

What regions will the new Sysco Allentown facility serve?

The new facility will serve the Lehigh Valley, Northeast PA, Poconos, and Northern New Jersey.

How does Sysco Your Way program benefit local restaurants?

The Sysco Your Way program offers late evening order cut-offs, daily deliveries, no order minimums, and a dedicated sales and delivery team, all at no additional cost.

What is Sysco 's stock symbol?

Sysco 's stock symbol is SYY.

Sysco Corporation

NYSE:SYY

SYY Rankings

SYY Latest News

SYY Stock Data

36.60B
491.23M
0.18%
87.06%
2.83%
Food Distribution
Wholesale-groceries & Related Products
Link
United States of America
HOUSTON