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Sysco to buy US Foods, former Columbia-based company, for $3.5 billion
Sysco to buy US Foods, former Columbia-based company, for $3.5 billion

A merger of the top two U.S. food distributors, Sysco and US Foods, could mean cutbacks at facilities in Severn and Jessup that employ hundreds of workers and sit fewer than 10 miles apart as a combined company consolidates operations across the United States. Sysco Corp. announced Monday that it plans to buy US Foods Inc., based in Columbia until a 2007 buyout, for about $3.5 billion in a deal that will create a company commanding at least a quarter of the $235 billion North American market. Sysco, which would assume US Foods' debt of $4.7 billion, said it expected about $600 million in annual cost savings within three to four years. The companies, both of which distribute foods...

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