Sysco Acquires E-Commerce Platform Supplies on the Fly
HOUSTON, TX – Making moves to further expand the footprint and accessibility of its foodservice distribution services, Sysco Corporation has acquired innovative e-commerce platform, Supplies on the Fly.
"With annual revenue of approximately $105 million, Supplies on the Fly has delivered consistent and impressive sales growth over the past three years, significantly outpacing category growth in supplies and equipment over the same period," stated Bill Day, Executive Vice President of Merchandising and Sysco Business Services.
The Georgia-based e-commerce company provides restaurant supplies and equipment exclusively to Sysco customers, and is fully integrated with Sysco’s business information systems, according to news source Chron.com, allowing customers to place orders by phone or online for over 170,000 of the company’s products.
Sysco had its hands in e-commerce company's previous development as in 2009, Sysco entered into an agreement with Supplies on the Flyer owner Instawares Holding, LLC, to develop the website suppliesonthefly.com. In this agreement, according to Chron.com, Sysco gained the option to purchase all of the equity interests of Supplies on the Fly, which it has now done.
"We are very excited to welcome our partners from Supplies on the Fly into the Sysco family of companies and we look forward to maximizing this opportunity to drive new growth in the $10 billion restaurant supplies and equipment segment," finished Day.
Supplies on the Fly’s current CEO, Craig Callaway, will continue to manage the company and will report to Day. Chron.com reported that Sysco will retain all current employees of the acquired company, and expects business to continue normally under Callaway and the Supplies on the Fly team.
Sysco has not yet disclosed the price of the acquisition.