We urge the FTC to review this merger to ensure that consumers, farmers, and restaurant owners maintain their independence and competition can flourish
Demand that the Federal Trade Commission thoroughly investigate or review Sysco's proposed acquisition of Jetro Restaurant Depot to protect competition and prevent higher costs for consumers, farmers, and independent restaurants and small businesses.
Occurrences
Evidence
legacy_unverified · Source version not recorded · locator unknown
Sen. Baldwin's office states that Baldwin and Sen. Cory Booker are demanding that the FTC thoroughly investigate Sysco's proposed $29.1 billion acquisition of Jetro Restaurant Depot, citing risks of food-distribution consolidation, weaker competition, and higher costs for independent restaurants and consumers. The release says they warned the deal could eliminate an important competitive option for independent restaurants, caterers, farmers, and small businesses, and quotes their conclusion urging FTC review to protect consumers, farmers, and restaurant owners.
legacy_unverified · Source version not recorded · locator unknown
The signed letter to FTC Commissioner Andrew Ferguson says Baldwin and Booker have serious concern about Sysco's planned $29.1 billion acquisition of Jetro Restaurant Depot, says the merger would pressure competition in a concentrated food industry, and states: "We urge your agency to thoroughly investigate this merger" so it does not result in higher prices for independent restaurants and consumers. The letter also says the transaction would reduce purchasing options and bargaining power for small businesses, affect farmers, and urges FTC review so consumers, farmers, and restaurant owners maintain independence and competition can flourish.
Assessments
Baldwin fulfilled the oversight promise during her current Senate term by joining Booker in a signed letter urging the FTC to thoroughly investigate Sysco's proposed acquisition of Jetro Restaurant Depot. The documented demand directly matches the promised action and rationale: protecting competition and preventing higher costs for consumers, farmers, independent restaurants, and small businesses.