BALINT URGES FTC TO BLOCK $29.1 BILLION SYSCO-RESTAURANT DEPOT MERGER

Washington, Oct. 28 -- Rep. Becca Balint issued the following press release:

BRATTLEBORO, VT - Representative Becca Balint (VT-AL) joined Congressman Tim Kennedy (NY-26) and other colleagues in sending a letter to the Federal Trade Commission (FTC) urging rejection of Sysco Corporation's proposed $29.1 billion acquisition of Jetro Restaurant Depot. Members warned that the merger would reduce competition, drive up costs for independent restaurants, and threaten small businesses that anchor local economies across the nation.Across the country, independent restaurants are already facing mounting financial pressure, with food costs up 38 percent nationwide since 2019 and nearly half of restaurant operators reporting that their businesses were ...