Sysco buys UK foodservice supplier Fairfax Meadow from Hilton Food Group

Group 1 - Sysco has acquired UK foodservice supplier Fairfax Meadow from Hilton Food Group for £54m ($75.2m), enhancing its meat manufacturing capacity in the UK [1] - Fairfax Meadow is recognized as one of the UK's leading catering butchers, employing 360 staff and operating three production and distribution sites in Derby, Enfield, and Eastleigh [1] - The acquisition aligns with Sysco's strategic focus on strengthening its meat distribution network and enhancing its fresh meat proposition across the UK [2][3] Group 2 - Hilton Food Group, which owned Fairfax Meadow since 2021, views the sale as a step towards aligning its business with core strengths and enhancing growth opportunities [3] - In the first half of Hilton Food Group's financial year, revenue increased by 7.6% to £2.09bn, while operating profit decreased by 5.3% to £41.3m [4][5] - Hilton Food Group is also expanding its operations in North America and Saudi Arabia, indicating a strategic shift towards international growth [5][6]