Performance Food Group Company (PFG) is an American company that was founded in 1885 in

Richmond, Virginia Richmond ( ) is the List of capitals in the United States, capital city of the Commonwealth (U.S. state), U.S. commonwealth of Virginia. Incorporated in 1742, Richmond has been an independent city (United States), independent city since 1871. ...

, by food peddler James Capers. Headquartered in Goochland County, Virginia (just outside Richmond), the company distributes a range of food products, and has more than 22,000 employees. It has three divisions, each catering to specific market segments: Performance Foodservice, Vistar, and PFG Customized.

History

James Capers' original business which was founded in 1885, grew into Pocahontas Foods. 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 Blackstone Inc. is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions firm by Peter Peterson and Stephen Schwarzman, who had previously worked together at Lehman ...

for $1.3 billion. 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

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with issuing 14.5 million shares at $19 per share. The company is also a Fortune 500 company, currently ranked at 114 as of 2021.

Acquisition history

* Core-Mark (2021) * Eby-Brown (2019) * Reinhart Foodservice (from Reyes Holdings) (2019) * Springfield Foodservice Corp. (2001)

References

External links

PFGC official website
Companies based in Richmond, Virginia Catering and food service companies of the United States Companies listed on the New York Stock Exchange Food and drink companies established in 1885 2015 initial public offerings 1885 establishments in Virginia Companies in the S&P 400 {{food-company-stub