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performance food group - All News and Analysis
Performance Food Group acquired
Performance Food Group Co. has announced that its acquisition by affiliates of The Blackstone Group and Wellspring Capital Management has been completed. The transaction is valued at approximately $1.4 billion. PFG is being merged with a wholly owned subsidiary of VISTAR Corp., a specialty foodservice distributor controlled by...
Acquisition of PFG by Blackstone Group, wellspring capital complete
RICHMOND, VA. -- Performance Food Group, or PFG, which has its headquarters here, said that its acquisition transaction is now complete. PFG has been acquired by affiliates of The Blackstone Group and Wellspring Capital Management for nearly $1.4 billion. PFG will be merged into a new company with VISTAR Corp.,...
Performance Food Group Leverages Voxware in Distribution Centers
FOOD AND BEVERAGE CLOSE-UP-26 June 2008-Performance Food Group Leverages Voxware in Distribution CentersC2008 - CloseUpMedia - newsdesk@closeupmedia.com Voxware, a supplier of software for voice-driven warehousing operations, announced that Performance Food Group, the third largest foodservice distribution company in the United States, has rolled out voice in five of its...
Voxware Selected by #3 Foodservice Distribution Company in U.S
Broadline Division of Performance Food Group LLC, Successfully Rolls Out Voice Across 5 Sites with 13 More Planned Through 2009 HAMILTON, N.J. -- Voxware, Inc. (NASDAQ: VOXW), a leading supplier of software for voice-driven warehousing operations, today announced that Performance Food Group PFG, the third largest foodservice distribution company...
The Blackstone Group and Wellspring Capital Management Complete Acquisition of Performance Food Group
RICHMOND, Va. -- Performance Food Group Company announced today that the previously announced acquisition of the Company by affiliates of The Blackstone Group (NYSE: BX) and Wellspring Capital Management has been completed. The transaction is valued at approximately $1.4 billion. Performance Food Group is being merged with a wholly owned...
Performance Food Group and VISTAR Corporation Announce Chief Executive Officer for Combined Company upon Completion of Pending Merger
RICHMOND, Va. -- Performance Food Group Company (NASDAQ/NGS:PFGC) and VISTAR Corporation announced today that George Holm, the president and chief executive officer of VISTAR, will be the chief executive officer of the combined company that will be known as Performance Food Group, effective upon the completion of the companies' pending...
From acquiring firms to decentralizing operations strategies vary for largest distributing companies
The top five broadline distributors make up 33 percent of total foodservice distribution sales. They are Sysco Corp., with 2007 revenues of $36.4 billion; U.S. Foodservice, $20 billion; Performance Food Group, $6.3 billion; Gordon Food Service, $6 billion; and Reinhart FoodService, $3 billion. Each company increased its revenues over the...
Performance Food Group Reports First Quarter Sales Increase of 9%
* Net earnings were $4.3 million and EPS was $0.12 per share diluted.
Performance Food Group Company to Report First Quarter 2008 Results
RICHMOND, Va. -- Performance Food Group Company (NASDAQ/NGS:PFGC) announced today that it will release its results for the first quarter ended March 29, 2008 on Tuesday, May 6, 2008. The earnings release will be available online at www.pfgc.com and will be filed with the Securities and Exchange Commission. As...
Performance Food Group Announces Expiration of Waiting Period Under Hart-Scott-Rodino Act in Connection with Its Acquisition by Affiliate of Private Equity Firms
RICHMOND, Va. -- Performance Food Group Company (Nasdaq/NGS:PFGC) announced today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, expired at 11:59 p.m., Eastern Daylight Time, on March 24, 2008, in connection with its proposed merger with an entity controlled by private investment funds affiliated...
Performance Food Group Q4 2007 Earnings Call Transcript
Question-and-Answer Session Operator Our first question comes from the line of Chris Routhe - Piper Jaffray. Chris Routhe - Piper Jaffray On prior calls you talked about food inflation and how embedded in that there’s this trade off between sales growth rates and percentage margin, as inflation...
Performance Food Group Reports Net EPS of $1.45 for 2007
* Street sales for 2007 increased 9% over 2006
Performance Food Group to Webcast Fourth Quarter and 2007 Fiscal Year Results
RICHMOND, Va. -- Performance Food Group (Nasdaq/NGS:PFGC) announced today that it will provide an online, real-time webcast and rebroadcast of its conference call to review its fourth quarter and 2007 fiscal year results.
Blackstone, Wellspring to buy Performance Food
NEW YORK AFP — Performance Food Group Co. said Friday it has agreed to be acquired by an affiliate of The Blackstone Group and Wellspring Capital Management in a deal valued at about 1.3 billion dollars. Under the terms of the agreement, the private equity firms will pay Performance...
Performance Food Group Signs Merger Agreement with Affiliates of The Blackstone Group and Wellspring Capital Management
RICHMOND, Va. -- Performance Food Group Company (NASDAQ/NGS: PFGC) announced today it has signed a definitive merger agreement to be acquired by an affiliate of The Blackstone Group (NYSE: BX) and Wellspring Capital Management in a transaction valued at approximately $1.3 billion. Under the terms of the merger agreement, Performance...
(PFGC) SqueezeTrigger Price is $28.559. There is $104,180,336.00 That Short Sellers Still Need To Cover.
M2 PRESSWIRE-18 January 2008-BUYINS.NET: PFGC SqueezeTrigger Price is $28.559. There is $104,180,336.00 That Short Sellers Still Need To CoverC1994-2008 M2 COMMUNICATIONS LTD RDATE:18012008 BUYINS.NET / www.squeezetrigger.com is monitoring Performance Food Group Company - Common Stock (NASDAQ:PFGC) in real time...
Introduces Performance Food Group markets to our Bluechips Exchange Watch List.
M2 PRESSWIRE-18 January 2008-IST Market Review: Introduces Performance Food Group markets to our Bluechips Exchange Watch ListC1994-2008 M2 COMMUNICATIONS LTD RDATE:18012008 International Stock Targets provides investors with the opportunity to cultivate the so-often- taken-for-granted knowledge of the markets and its...
PFGC Advances 31% on Buyout.
M2 PRESSWIRE-18 January 2008-Emerging Stock Report: PFGC Advances 31% on BuyoutC1994-2008 M2 COMMUNICATIONS LTD RDATE:18012008 RICHMOND, Va. -- Agri-Food Sector- Performance Food Group Company (NASDAQ/NGS: PFGC) said today it has signed a definitive merger agreement to be acquired by...
Performance Food Group 2008 Earnings Forecast Call Transcript
Question-and-Answer SessionOperator [Operator Instructions] Our first question is from Simeon Gutman from Goldman Sachs. Simeon Gutman – Goldman Sachs Given the macro back drop and some of the economic uncertainty in the face of what already is happening today in the restaurant world. What gives you confidence that you...
Performance Food Group Announces Strong 2008 Forecast
* Adjusted EPS of $1.53-$1.65 expected for 2008, excluding facility closing cost
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- Revenue (Fiscal Year) $6.3B
- Profit (Fiscal Year) $50.8M
- Incorporated: 1988
- CEO: Mr. Steven L. Spinner
Performance Food Group markets and distributes national and private label food and food-related products to foodservice customers. Co. provides service to both of the major customer types in the foodservice industry: "street" foodservice customers, which include independent restaurants, hotels, cafeterias, schools, and healthcare facilities; and multi-unit customers, which include regional and national casual and family dining, and quick-service restaurants. Co.'s Broadline distribution segment markets and distributes more than 68,000 national and proprietary brand food and non-food products. Co.'s Customized distribution segment focuses on serving casual and family dining chain restaurants.
Stock Quote
Board of Directors
Mr. Robert C. Sledd Chairman
Mr. Steven L. Spinner
Mr. John E. Stokely
Mr. Charles E. Adair
Ms. Mary C. Doswell
Mr. Fred C. Goad Jr.
Mr. Timothy M. Graven
NAICS Code
Packaged Frozen Food Merchant Wholesalers: 424420
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