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Performance Food Group

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Performance Food Group, Inc.
Company typePublic
Nasdaq: PFGC
Russell 2000 Component
FounderRobert Sledd Edit this on Wikidata
RevenueIncrease $17.45 billion (2017)
Websitehttp://pfgc.com

Performance Food Group Company (PFG) (Nasdaq: PFGC) is an American company that was founded in 1885 in Richmond, Virginia by food peddler James Capers.[1] Headquartered in Goochland County, Virginia (just outside Richmond), the company distributes a range of food products, and has more than 14,000 employees.[2] It has three divisions, each catering to specific market segments: Performance Foodservice, Vistar, and PFG Customized.

History

Capers' original business grew into Pocahontas Foods.[1] 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.[3][4] 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 in 2015.[5]

References

  1. ^ a b c "More Than 100 Years of Foodservice Excellence". PFG. Retrieved October 9, 2017.
  2. ^ "Performance Food Group". Fortune. Retrieved 2018-11-22.
  3. ^ Equity Firms Acquiring Food Supplier. Bloomberg, January 19, 2008
  4. ^ Blackstone, Wellspring to acquire Performance Food Group in $1.3bn deal Archived 2008-06-11 at the Wayback Machine. AltAssets, January 18, 2008
  5. ^ Margin, Jonathan Maze in On the. "Performance Food Group has a modest IPO". Retrieved 2016-05-12.



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