Performance Food Group

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Performance Food Group Company
TypePublic company
Founded1885; 136 years ago (1885)
HeadquartersRichmond, Virginia, U.S.
RevenueIncrease US$17.45 billion (2017)
Number of employees
22,770 (July 3, 2021)
Websitepfgc.com

Performance Food Group Company (PFG) 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. ^ Jump up to: 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.

External links[]



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