Performance Food Group

Performance Food Group (PFG) is a leading distributor and marketer of food and food-related products in North America. Established in 1885 by James Capers in Richmond, Virginia, the company has grown to become one of the largest foodservice distributors in the United States and Canada.

Headquartered in Goochland County, Virginia, PFG operates over 150 distribution centers, serving more than 300,000 customer locations across the continent.

PFG's diverse product portfolio includes approximately 150,000 items, such as beef, pork, poultry, seafood, frozen and refrigerated products, dry groceries, dairy, bread, candy, snacks, beverages, and health and beauty care products.

These products are sourced from over 5,000 suppliers, enabling PFG to offer a wide range of options to its customers.

Primary Business Segments

• Performance Foodservice: Provides a comprehensive range of food products and distribution services to independent and chain restaurants, schools, healthcare facilities, and more.
• Vistar: Specializes in the distribution of candy, snacks, and beverages, focusing on innovative and trending products to cater to various customer needs.
• Convenience: Offers solutions for convenience stores, including access to food products, tobacco, and health and beauty care items.

Customer Base

PFG serves a diverse mix of customers including:

• Independent and chain restaurants
• Schools and healthcare facilities
• Business and industry locations
• Hospitals and vending distributors
• Office coffee service distributors
• Retailers, convenience stores, and theaters
• Hospitality providers, concessionaires, airport gift shops, and college bookstores
• Corrections facilities and other institutional customers

Expansion Plans

In August 2024, PFG announced plans to acquire foodservice distributor Cheney Bros for $2.1 billion in cash. This acquisition is expected to strengthen PFG's presence in the Southeastern U.S.

The expansion will extend into Florida, Georgia, North Carolina, and South Carolina. The deal is anticipated to close in 2025 and will contribute to PFG’s earnings per share within the first full fiscal year post-acquisition.

Innovation and Customer Service

PFG is committed to innovation and customer service by providing customized solutions tailored to each customer’s unique needs. The company uses state-of-the-art technology to maintain inventory control, manage order entry, and facilitate efficient product delivery.

This customer-centric approach has built long-lasting relationships with clients.

Company Size

With over 30,000 dedicated associates, Performance Food Group continues to build strong ties with customers, suppliers, and communities, driving success and growth in the foodservice distribution industry.

Locations

PFG operates numerous distribution centers across the United States and Canada including:

• Tacoma, WA
• Jackson, MS
• Chicago, IL
• Fort Wayne, IN
• Joliet, IL
• San Antonio, TX
• Indianapolis, IN
• Burlington, VT
• Thornton, CO
• Arlington, VA