Performance Food Group
| Company type | Public |
|---|---|
| Nasdaq: PFGC Russell 2000 Component | |
| Founder | Robert Sledd  |
| Revenue |  $17.45 billion (2017) |
| Website | http://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. It has three divisions, each catering to specific market segments: Performance Foodservice, Vistar, and PFG Customized.
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.[2][3] 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.[4]
References
- ^ a b c "More Than 100 Years of Foodservice Excellence". PFG. Retrieved October 9, 2017.
- ^ Equity Firms Acquiring Food Supplier. Bloomberg, January 19, 2008
- ^ Blackstone, Wellspring to acquire Performance Food Group in $1.3bn deal Archived 2008-06-11 at the Wayback Machine. AltAssets, January 18, 2008
- ^ Margin, Jonathan Maze in On the. "Performance Food Group has a modest IPO". Retrieved 2016-05-12.
External links
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- Companies based in Richmond, Virginia
- Catering and food service companies of the United States
- Companies listed on the New York Stock Exchange
- Food and drink companies established in 1885
- 2015 initial public offerings
- 1885 establishments in Virginia
- United States manufacturing company stubs
- Food company stubs