Performance Food Group

{{Infobox company

| name = Performance Food Group Company

| logo = Performance Food Group logo.svg

| type = Public

| traded_as = {{ubl|{{NYSE|PFGC}}|S&P 400 component}}

| founded = {{Start date and age|1885}}

| hq_location = {{nowrap|Richmond, Virginia, U.S.}}

| key_people = George Holm (chairman, president & CEO)
James Hope (EVP & CFO)

| revenue = {{increase}} US$30.398 Billion (Fiscal Year Ended July 3, 2021){{Cite web |date=July 3, 2021 |title=Performance Food Group Company 2021 Annual Report |url=https://s22.q4cdn.com/140600076/files/doc_financials/2020/ar/Performance-Food-Group-2020-Annual-Report-Final.pdf |website=pfgc.com |accessdate=October 6, 2021}}

| operating_income = {{increase}} US$200.7 Million (Fiscal Year Ended July 3, 2021)

| net_income = {{increase}} US$40.7 Million (Fiscal Year Ended July 3, 2021)

| assets = {{increase}} US$7.845 Billion (Fiscal Year Ended July 3, 2021)

| equity = {{increase}} US$2.106 Billion (Fiscal Year Ended July 3, 2021)

| num_employees = 22,770 (July 3, 2021)

| website = {{url|https://www.pfgc.com/}}

}}

Performance Food Group Company (PFG) is an American company that was founded in 1885 in Richmond, Virginia, by food peddler James Capers.{{Cite web |title=More Than 100 Years of Foodservice Excellence |url=http://www.pfgc.com/About.aspx#history |publisher=PFG |accessdate=October 9, 2017}}{{Cite web|title=History of the Foodservice Distribution Industry|url=https://www.ifdaonline.org/IFDA/media/pdf/IndustryTimeline-LARGERFONT1022.pdf|website=International Foodservice Distributors Association}} 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|date=July 2022}} It has three divisions, each catering to specific market segments: Performance Foodservice, Vistar, and PFG Customized.{{Cite web|last1=Hunt|first1=Rhian|date=2021-09-27|title=3 Good Reasons This Food Service Company Belongs in Your Portfolio|url=https://www.fool.com/investing/2021/09/27/3-reasons-food-company-belongs-in-your-portfolio/|access-date=2021-10-07|website=The Motley Fool|language=en}}

History

James Capers' original business which was founded in 1885, grew into Pocahontas Foods.{{Cite web|date=March 21, 2003|title=ID NEWS: Pocahontas announces umbrella name, also, new group|url=https://restaurantbusinessonline.com/id-news-pocahontas-announces-umbrella-name-also-new-group|access-date=2021-10-07|website=Restaurant Business|language=en}} The company became Performance Food Group in 1987. In 2008, the company announced it was to be acquired by Wellspring Capital Management and Blackstone Group for $1.3 billion.[https://www.nytimes.com/2008/01/19/business/19food.html Equity Firms Acquiring Food Supplier]. Bloomberg, January 19, 2008[http://www.altassets.com/news/arc/2008/nz12542.php Blackstone, Wellspring to acquire Performance Food Group in $1.3bn deal] {{webarchive|url=https://web.archive.org/web/20080611155237/http://www.altassets.com/news/arc/2008/nz12542.php |date=June 11, 2008 }}. AltAssets, January 18, 2008 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.{{Cite web |last=Margin |first=Jonathan Maze in On the |title=Performance Food Group has a modest IPO |date=October 2015 |url=http://nrn.com/blog/performance-food-group-has-modest-ipo |access-date=May 12, 2016}} The company is also a Fortune 500 company, currently ranked at 114 as of 2021.{{Cite web |title=Fortune 500: Performance Food Group |url=https://fortune.com/company/performance-food-group/fortune500/ |access-date=October 7, 2021}}{{Cite news|title=Historic north riverfront warehouse could be demolished for parking lot expansion |url=https://www.bizjournals.com/stlouis/news/2021/09/27/historic-warehouse-north-riverfront-demolished.html|date=Sep 27, 2021 |access-date=2021-10-07 |first1=Gloria |last1=Lloyd |newspaper= St. Louis Business Journal}}

=Acquisition history=

Core-Mark (2021)[https://stockhouse.com/news/press-releases/2021/09/01/performance-food-group-company-completes-the-acquisition-of-core-mark Performance Food Group Company Completes the Acquisition of Core-Mark]. Stockhouse, September 1, 2021
Eby-Brown (2019)[https://csnews.com/eby-brown-be-acquired-performance-food-group Eby-Brown to Be Acquired by Performance Food Group]. CSNews, March 19, 2020
Reinhart Foodservice (from Reyes Holdings) (2019)[https://www.restaurantinformer.com/2020/01/performance-food-group-completes-acquisition-of-reinhart-foodservice/ Performance Food Group Completes Acquisition of Reinhart Foodservice]. Restaurantinformer, January 1, 2020
Springfield Foodservice Corp. (2001){{cite news |last1=Kinney |first1=Jim |title=STCC honors 6 businesses with induction into Western Massachusetts Entrepreneurship Hall of Fame |url=https://www.masslive.com/news/2009/10/stcc_honors_6_businesses_with.html |access-date=29 November 2021 |agency=MassLive |date=9 October 2009}}{{Cite web |date=July 26, 2001 |title=PFG to acquire SFC-Springfield Foodservice |url=https://www.restaurantbusinessonline.com/pfg-acquire-sfc-springfield-foodservice |website=RestaurantBusinessOnline |accessdate=February 7, 2024}} {{webarchive|url=https://web.archive.org/web/20240208033928/https://www.restaurantbusinessonline.com/pfg-acquire-sfc-springfield-foodservice |date=February 8, 2024}}

References

External links

[https://www.pfgc.com/ PFGC official website]

Category:Companies based in Richmond, Virginia

Category:Catering and food service companies of the United States

Category:Companies listed on the New York Stock Exchange

Category:Food and drink companies established in 1885

Category:2015 initial public offerings

Category:1885 establishments in Virginia

Category:Companies in the S&P 400