Performance Food Group Announces Acquisition of Cheney Brothers
PFG Expands Southeastern US Presence
Deal Strengthens PFG's Position in Growing Market
Richmond, VA - Performance Food Group (PFG) announced today the acquisition of Cheney Brothers, a broadline foodservice distributor with a strong presence in the Southeastern United States.
The acquisition strengthens PFG's position in a growing market and expands the company's reach into new geographies.
Transaction Details
- PFG acquired Cheney Brothers for an undisclosed amount.
- The transaction closed on August 14, 2024.
- Cheney Brothers will continue to operate as a separate business unit within PFG.
Strategic Benefits for PFG
- Expands PFG's geographic reach in the Southeastern US.
- Enhances PFG's product and service offerings in the region.
- Provides PFG with access to Cheney Brothers' strong customer base and relationships.
- Strengthens PFG's position as a leading foodservice distributor in North America.
Industry Impact
The acquisition is expected to have a positive impact on the foodservice industry in the Southeastern US.
It will increase competition and provide customers with more choices and better service.
About Performance Food Group
Performance Food Group is one of the largest foodservice distributors in North America. The company serves a wide range of customers, including restaurants, hospitals, schools, and other institutions.
PFG operates over 100 distribution centers and has a team of over 20,000 employees.
About Cheney Brothers
Cheney Brothers is a foodservice distributor with a strong presence in the Southeastern US. The company operates 11 distribution centers and has a team of over 1,000 employees.
Cheney Brothers serves a wide range of customers, including restaurants, hospitals, schools, and other institutions.
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