Food & Beverage
Sysco Negotiating to Build $81 Million Distribution Center in New York
Leading food service distributor Sysco Corporation (NYSE:SYY) (Houston, Texas) is in negotiations to build an $81 million food distribution center ...
Released Tuesday, May 20, 2008
Researched by Industrial Info Resources (Sugar Land, Texas)--Leading food service distributor Sysco Corporation (NYSE:SYY) (Houston, Texas) is in negotiations to build an $81 million food distribution center along with administrative offices in the Long Island area of New York. In February, Sysco filed documents creating Sysco Food Services of Long Island LLC. The company's proposal calls for constructing a 375,000-square-foot building on a 65-acre parcel north of the Long Island Expressway and west of the William Floyd Parkway in Yaphank. Pending acquisition of the site and regulatory approvals, construction could begin this fall and placed into operation by the end of 2009.
Annually, Sysco invests close to $500 million in facility maintenance and expansions. The company recently completed a new distribution facility in Knoxville, Tennessee, and is currently developing plans for distribution centers in Pennsylvania and Texas.
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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services.
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