Performance Food Group
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Performance Food Group Company (PFG) is an American company that was founded in 1885 in Richmond, Virginia, by food peddler James Capers.[1][2] Headquartered in Goochland County, Virginia (just outside Richmond), the company distributes a range of food products, and has more than 22,000 employees.Script error: No such module "Unsubst". It has three divisions, each catering to specific market segments: Performance Foodservice, Vistar, and PFG Customized.[3]
History
James Capers' original business which was founded in 1885, grew into Pocahontas Foods.[1][4] The company became Performance Food Group in 1987.[1] In 2008, the company announced it was to be acquired by Wellspring Capital Management and Blackstone Group for $1.3 billion.[5][6] Two other foodservice companies owned by the private equity firms, snack food distributor Vistar and Italian foodservice company Roma Foods, were then merged into PFG. PFG went public on October 2, 2015, at NYSE with issuing 14.5 million shares at $19 per share.[7] The company is also a Fortune 500 company, currently ranked at 114 as of 2021.[8][9]
Acquisition history
- Core-Mark (2021)[10]
- Eby-Brown (2019)[11]
- Reinhart Foodservice (from Reyes Holdings) (2019)[12]
- Springfield Foodservice Corp. (2001)[13][14]
References
External links
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- ↑ a b c Script error: No such module "citation/CS1".
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- ↑ Equity Firms Acquiring Food Supplier. Bloomberg, January 19, 2008
- ↑ Blackstone, Wellspring to acquire Performance Food Group in $1.3bn deal Template:Webarchive. AltAssets, January 18, 2008
- ↑ Script error: No such module "citation/CS1".
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- ↑ Performance Food Group Company Completes the Acquisition of Core-Mark. Stockhouse, September 1, 2021
- ↑ Eby-Brown to Be Acquired by Performance Food Group. CSNews, March 19, 2020
- ↑ Performance Food Group Completes Acquisition of Reinhart Foodservice. Restaurantinformer, January 1, 2020
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1". Template:Webarchive