MONMOUTH JUNCTION, N.J., Sept. 21, 2015 – Guest Supply, a wholly owned subsidiary of Sysco Corporation (NYSE:SYY), announced today that it has acquired Gilchrist & Soames, one of the leading luxury personal care amenity providers in the hospitality industry with annual sales of approximately $60 million. Financial terms were not disclosed.
Guest Supply provides products that enhance the guest experience in nearly 25,000 hotels, resorts and spas in more than 100 countries around the globe. Gilchrist & Soames’ renowned brands are found in the most prestigious hotels, spas and resorts throughout the world.
“With Gilchrist & Soames’ strong reputation in the high-end personal care amenities category and its solid customer base in the hospitality segment, this acquisition expands Guest Supply’s luxury personal care offerings for hotels, resorts and spas,” said Paul Xenis, president and chief operating officer of Guest Supply. “By leveraging both companies’ skillsets and expertise, we will bring a new level of service to our customers and further position our business for future growth.”
“Joining Guest Supply will allow Gilchrist & Soames to leverage manufacturing facilities, supply chains, logistics, and product development and creative resources that will further benefit our customers and enhance our leadership position in the luxury hospitality segment,” said Kathie De Voe, president and chief executive officer of Gilchrist & Soames.
Guest Supply will continue to operate all Gilchrist & Soames manufacturing and distribution facilities and sales resources operating out of Indianapolis, Ind., and Peterborough, England.
Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. The company operates 196 distribution facilities serving approximately 425,000 customers. For Fiscal Year 2015 that ended June 27, 2015, the company generated sales of more than $48 billion. For more information, visit www.sysco.com or connect with Sysco on Facebook at www.facebook.com/SyscoCorporation or Twitter at https://twitter.com/Sysco. For important news regarding Sysco, visit the Investor Relations section of the company’s Internet home page at www.sysco.com/investors, follow us at www.twitter.com/SyscoStock and download the new Sysco IR App, available on the iTunes App Store and the Google Play Market. In addition, investors should also continue to review our news releases and filings with the Securities and Exchange Commission. It is possible that the information we disclose through any of these channels of distribution could be deemed to be material information.
About Guest Supply
Guest Supply, a Sysco company, has been the leading provider of hospitality products to the lodging industry for more than 35 years with more than 30,000 products sold in more than 25,000 well-known chains and independent properties around the globe. As the only global provider to the hotel and lodging industry, the company maintains relationships with leading hotels around the world.
Manufacturing, distribution, and purchasing resources are strategically located in the United States, Canada, Europe, Asia, and the Middle East, ensuring superior product selection and availability, as well as quick and efficient response to meet virtually every need. For more information, visit https://www.guestsupply.com.
About Gilchrist & Soames
Gilchrist & Soames is a leading provider of cosmetic-grade toiletry collections for world-class hotels, exclusive resorts, and distinguished spas, inns, and bed & breakfasts. Specializing in servicing the luxury market, Gilchrist & Soames’ products can be found in discerning properties throughout the world. Gilchrist & Soames is based in Indianapolis, Ind., and Peterborough, London, England. For more information, visit www.gilchristsoames.com.