Performance Food to acquire wholesale distributor Core-Mark for $2.5bn
Performance Food Group (PFG), a Virginia-based foodservice distribution company, has agreed to acquire Core-Mark in a stock cum cash deal worth around $2.5 billion, which is inclusive of the latter’s net debt. Core-Mark is a Texas-based wholesale distributor that caters to the convenience retail industry in North America with net sales of nearly $17 billion. […]