Sysco, a global foodservice distribution company, agreed to acquire The Coastal Companies, a fresh produce distributor and value-added processer, from Continental Grain Company, a food and agribusiness investment company, for $525m. "We are proud of what we have built at The Coastal Companies and excited about our next chapter of growth. Joining FreshPoint will enable us to enhance our offering, expand our capabilities, and provide even greater value for our customers. It will also create new and exciting opportunities for our people," John Corso, The Coastal Companies CEO.