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Performance Food Group
Topic: Company
From HandWiki - Reading time: 2 min
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| Type | Public company |
|---|---|
| Founded | 1885 |
| Headquarters | Richmond, Virginia, U.S. |
Key people | George Holm, Chairman, President & CEO James Hope, EVP & CFO |
| Revenue |  US$30.398 Billion (Fiscal Year Ended July 3, 2021)[1] |
| US$200.7 Million (Fiscal Year Ended July 3, 2021)[1] | |
| US$40.7 Million (Fiscal Year Ended July 3, 2021)[1] | |
| Total assets | US$7.845 Billion (Fiscal Year Ended July 3, 2021)[1] |
| Total equity | US$2.106 Billion (Fiscal Year Ended July 3, 2021)[1] |
Number of employees | 22,770 (July 3, 2021) |
| Website | www |
Performance Food Group Company (PFG) is an American company that was founded in 1885 in Richmond, Virginia, by food peddler James Capers.[2][3] Headquartered in Goochland County, Virginia (just outside Richmond), the company distributes a range of food products, and has more than 22,000 employees.[citation needed] It has three divisions, each catering to specific market segments: Performance Foodservice, Vistar, and PFG Customized.[4]
History
James Capers' original business which was founded on 1885, grew into Pocahontas Foods.[2][5] The company became Performance Food Group in 1987.[2] In 2008, the company announced it was to be acquired by Wellspring Capital Management and Blackstone Group for $1.3 billion.[6][7] 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 on October 2, 2015, at NYSE with issuing 14.5 million shares at $19 per share.[8] The company is also a Fortune 500 company, currently ranked at 114 as of 2021.[9][10]
Acquisition history
- Core-Mark (2021)[11]
- Eby-Brown (2019)[12]
- Reinhart Foodservice (from Reyes Holdings) (2019)[13]
- Springfield Foodservice Corp. (2001)[14]
References
- ↑ 1.0 1.1 1.2 1.3 1.4 "Performance Food Group Company 2021 Annual Report". July 3, 2021. https://s22.q4cdn.com/140600076/files/doc_financials/2020/ar/Performance-Food-Group-2020-Annual-Report-Final.pdf. Retrieved October 6, 2021.
- ↑ 2.0 2.1 2.2 "More Than 100 Years of Foodservice Excellence". PFG. http://www.pfgc.com/About.aspx#history. Retrieved October 9, 2017.
- ↑ "History of the Foodservice Distribution Industry". https://www.ifdaonline.org/IFDA/media/pdf/IndustryTimeline-LARGERFONT1022.pdf.
- ↑ Hunt, Rhian (2021-09-27). "3 Good Reasons This Food Service Company Belongs in Your Portfolio" (in en). https://www.fool.com/investing/2021/09/27/3-reasons-food-company-belongs-in-your-portfolio/.
- ↑ "ID NEWS: Pocahontas announces umbrella name, also, new group" (in en). March 21, 2003. https://restaurantbusinessonline.com/id-news-pocahontas-announces-umbrella-name-also-new-group.
- ↑ Equity Firms Acquiring Food Supplier. Bloomberg, January 19, 2008
- ↑ Blackstone, Wellspring to acquire Performance Food Group in $1.3bn deal . AltAssets, January 18, 2008
- ↑ Margin, Jonathan Maze in On the (October 2015). "Performance Food Group has a modest IPO". http://nrn.com/blog/performance-food-group-has-modest-ipo.
- ↑ "Fortune 500: Performance Food Group". https://fortune.com/company/performance-food-group/fortune500/.
- ↑ Lloyd, Gloria (Sep 27, 2021). "Historic north riverfront warehouse could be demolished for parking lot expansion". St. Louis Business Journal. https://www.bizjournals.com/stlouis/news/2021/09/27/historic-warehouse-north-riverfront-demolished.html.
- ↑ Performance Food Group Company Completes the Acquisition of Core-Mark. Stockhouse, September 1, 2021
- ↑ Eby-Brown to Be Acquired by Performance Food Group. CSNews, March 19, 2020
- ↑ Performance Food Group Completes Acquisition of Reinhart Foodservice. Restaurantinformer, January 1, 2020
- ↑ Kinney, Jim (9 October 2009). "STCC honors 6 businesses with induction into Western Massachusetts Entrepreneurship Hall of Fame". MassLive. https://www.masslive.com/news/2009/10/stcc_honors_6_businesses_with.html.
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