BNET Industries
Performance Food Group (PFGC) is in the Food Industry
- Revenue
- Dec 29 2007
- $6.3B
- Profit
- Dec 29 2007
- $50.8M
- Market Cap
- May 08 2008
- $1.2B
Latest News and Analysis
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 promotes Drever to CEO
RICHMOND, VA. -- The Performance Food Group named Mark Drever president and chief executive of the company's Fresh Express fresh-cut division. He has served as president and chief operating officer of the division since 1993. He joined Performance in 1988. He takes over the chief executive spot from Tom Lovelace,...
Performance Food taps Graylon MacFall as prexy, CEO
RICHMOND, VA. -- Performance Food Group said Graylon MacFall had been named president and chief executive of its subsidiary, Virginia Foodservice Group. He succeeds Jim Cremins, who has assumed the position of chairman and will focus on developing closer ties with the company's customers. MacFall most recently held...
Performance wraps up Middendorf acquisition - News Digests - Performance Food Group, Middendorf Meat Co - Brief Article
RICHMOND, VA. -- Performance Food Group, based ere, completed the purchase of the St. Louis-based Middendorf Meat Co. Middendorf, a broad-line foodservice distributor that specializes in custom-cut steaks, generates annual sales of about $100 million. Its customers include independent restaurants, private clubs, hotels and other foodservice operators. Performance, which markets...
Performance Food Group to Buy Quality Foods in Little Rock, Ark.
By David Smith, Arkansas Democrat-Gazette, Little Rock Knight Ridder/Tribune Business News Apr. 12--Quality Foods Inc. of Little Rock, the largest Arkansas-based food distributor for restaurants and schools, announced Thursday that it has agreed to be acquired by Performance Food Group Co....
Performance reports accounting error - Company News - Performance Food Group - Brief Article
US food company Performance Food Group has announced the discovery of accounting errors, which will affect its results for the current quarter.
Performance food
They say no deal, but we're left wondering. Phillip Tappan, president and chief operating officer of Quality Foods Inc. of Little Rock, said the Little Rock food wholesaler hasn't sold nor is it in the process of selling. That's fair enough. An executive at the alleged buyer,...
Springfield Foodservice To Acquire Performance.(Springfield Foodservice Corp., Performance Food Group)(Brief Article)(Statistical Data Included)
Performance Food Group, Richmond, Va., and Springfield Foodservice Corp., Springfield, Mass., have signed an agreement to merge. The transaction is valued at approximately $85 million, and includes cash, common shares of Performance Food Group and assumption of certain liabilities. The transaction is expected to be completed...
Performance bags contract - Performance Food Group - Brief Article
US firm Performance Food Group has announced it has won a contract to supply 250 restaurants in the US which could boost its annual revenues by US$110m (122.8m [European Dollar]). PFG will supply 250 Ruby Tuesday, Mozzarella's American Cafe and Tia's Tex Mex restaurants. Most of the restaurants in the...
Performance performs well during Q2 - Performance Food Group, 2001 - Brief Article - Statistical Data Included
US food service distributor Performance Food Group PFG has posted a 61% increase in its second quarter earnings, boosted by a combination of strong sales and recent acquisitions.
Performance to purchase Empire Seafood Holding
RICHMOND, VA. -- Performance Food Group, a distributor based here, agreed to acquire privately owned Empire Seafood Holding Corp., a Miami-based seafood distributor. Performance agreed to pay $70 million in cash and common stock plus the assumption of certain liabilities. Empire projected that net sales for 2001 would run about...
Performance Food closes AFI purchase
RICHMOND, Va. -- Performance Food Group, a high-volume food distributor here, completed its acquisition of AFI Food Service Distributors Inc., a broadliner based in Elizabeth, N.J. Terms were not disclosed. AFI reported sales of about $70 million in 1996.
Additional Resources
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...
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...
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...
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...
Adapting to a New Climate: Private Equity in Today's Economy
In the first half of 2007, private equity firms were making frequent purchases and pulling in substantial profits. While equity firms are still raising impressive amounts of capital for their investment funds, tight credit market conditions are forcing large buyout shops to consider new strategies. In today's economic climate,...
Performance Food Group Company Shareholders Approve Merger
RICHMOND, Va. -- Performance Food Group Company (NASDAQ/NGS:PFGC) announced today that its shareholders have voted to approve the proposed merger of Performance Food Group Company with a wholly-owned subsidiary of an affiliate of The Blackstone Group and Wellspring Capital Management LLC pursuant to the terms of the merger agreement dated...
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...
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- 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.
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Performance Food Group Company Info
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
Contact Information
12500 West Creek Parkway
Richmond, VA
804 484-7700