Performance Food Group


Performance Food Group Company is an American food service distributor. It is the third-largest food service distributor in the U.S., after Sysco and US Foods. The company supplies 250,000 products to 300,000 locations including independent restaurants, chain restaurants, healthcare, hospitality, and educational institutions. It has 155 distribution centers.
It has three divisions: Foodservice, which distributes food products to restaurants ; Convenience, which distributes food products to convenience and grocery stores ; and Specialty, which distributes candy, snacks, and beverages.
The company is ranked 80th on the Fortune 500 and 1129th on the Forbes Global 2000.
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History

The company traces its roots to a business founded by James Capers in 1885 in Richmond, Virginia. It later became Pocahontas Foods.
The company became Performance Food Group in 1987.
In 2008, the company was acquired by investment funds managed by Wellspring Capital Management and Blackstone Inc. for $1.3 billion and it was merged with Vistar and Roma Foods.
In October 2015, the company became a public company via an initial public offering.
In May 2017, Blackstone sold its remaining stake in the company.