Sysco Acquires Supplies On The Fly

Houston-based Sysco Corp. has acquired Supplies on the Fly, the e-commerce platform providing restaurant supplies and equipment exclusively to Sysco customers. Financial terms were not disclosed.

In 2009, Sysco entered into an agreement with Instawares Holding, the owner of Kennesaw, Ga.-based Supplies on the Fly, to develop an internet sales platform, suppliesonthefly.com.

At that time, the Houston-based broadline giant also secured an option to purchase all of the equity interests of Supplies on the Fly, which it has now exercised.

CEO Craig Callaway will continue to manage Supplies on the Fly, which has annual revenues of $105 million.