Performance Food Group’s $2.1bn power move: Cheney Bros acquisition to shake up the Southeast!

By on    Food Industry News  

Performance Food Group’s $2.1bn power move: Cheney Bros acquisition to shake up the Southeast!

Performance Food Group Company has signed a definitive agreement to acquire Cheney Bros, Inc., a leading foodservice distributor based in Riviera Beach, Florida, for $2.1 billion in cash. This acquisition is more than just a financial transaction; it’s a strategic play that positions Performance Food Group Company to dominate the Southeastern U.S. market, a region […]

Performance Food to acquire wholesale distributor Core-Mark for $2.5bn

By on    Food Industry News  

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. […]