Performance Food Group (PFG) was founded in 1885 as canned fruits and vegetable distributor to restaurants and grocery stores across the mid-Atlantic from its base in Virginia.
In 2008 PFG was bought out by the equity firms Blackstone Group and Wellspring Capital Management in a $1.2 billion deal. This was done to merge the firm with rival Vistar, which Blackstone already controlled.
Today PFG supplies 140,000 food and food-related products to 163,000 restaurants, quick-service eateries, schools, hotels, health-care facilities, and other institutions. The company also serves chain restaurants such as Cracker Barrel and Ruby Tuesday. PFG subsidiary Vistar distributes candy and snack foods for vending operators, retailers, and concessions.
PFG is #23 on the Forbes list of America’s Largest Companies, has 15,000 employees, and had $10.6 billion in revenue in 2011.
Performance Food GroupPerformance Food Group (PFG) was founded in 1885 as canned fruits and vegetable distributor to restaurants and grocery stores across the mid-Atlantic from its base in Virginia.
In 2008 PFG was bought out by the equity firms Blackstone Group and Wellspring Capital Management in a $1.2 billion deal. This was done to merge the firm with rival Vistar, which Blackstone already controlled.
Today PFG supplies 140,000 food and food-related products to 163,000 restaurants, quick-service eateries, schools, hotels, health-care facilities, and other institutions. The company also serves chain restaurants such as Cracker Barrel and Ruby Tuesday. PFG subsidiary Vistar distributes candy and snack foods for vending operators, retailers, and concessions.
History
PFG is #23 on the Forbes list of America’s Largest Companies, has 15,000 employees, and had $10.6 billion in revenue in 2011.
