Failed Sysco/US Foods Merger Puts Staples/Office Depot Deal In ‘Serious Jeopardy,’ Says American Postal Workers Union
07/07/2015 - WASHINGTON - The collapse of a planned merger between Sysco and US Foods puts a similar merger of office-supply giants Staples and Office Depot in serious jeopardy, says the American Postal Workers Union (APWU).
“The Federal Trade Commission made a very strong case against the Sysco/US Foods merger,” said APWU President Mark Dimondstein. “Swap out the words ‘food service distribution’ and replace them with ‘office-supply distribution’ and you have a description of the Staples/Office Depot deal. The same arguments prevail.”
Sysco abandoned its merger plans after a federal judge granted an injunction requested by the FTC, and will now pay more than $300 million to exit the deal.