Performance Food Group Announces Agreement to Acquire Fox River Foods, Inc.
RICHMOND, Va. (December 12, 2012) – Performance Food Group, Inc. (PFG) today announced that it has entered into an agreement to acquire Fox River Foods, Inc., an independently owned broadline foodservice distribution company serving customers in seven states throughout the Upper Midwest. The transaction is expected to close before the end of the year.
“The addition of Fox River Foods will significantly strengthen our position in the region and in several key metropolitan areas, particularly Chicago,” said George Holm, PFG President and CEO. “This acquisition supports our strategic growth plans and will offer added value to existing Performance Foodservice and Fox River Foods customers.”
Fox River Foods began operations in 1956 and currently serves more than 7,000 customers in Illinois, Iowa, Indiana, Wisconsin, Michigan, Missouri and Minnesota. Its customers range from fine dining establishments to family restaurants, schools, health care facilities, child care centers, hotels and concessionaires. “
Fox River has earned a reputation as one of the fastest-growing and best independent distributors in the country,” said Mac Pearce, Executive Vice President of PFG. “Their growth in recent years during this difficult economic climate is a testament to the ability, dedication and commitment of its associates. We look forward to welcoming those associates to the PFG family and integrating the Fox River operations with ours.”
Fox River Foods is based in Montgomery, Ill., where recent warehouse expansions there increased its storage capacity to 326,000 square feet, including dry, refrigerated and frozen storage areas.
“Our customers, suppliers and associates will surely benefit from this alliance between Performance Foodservice and Fox River Foods,” said Ken Nagel, President of Fox River Foods. “Combining their national scope and purchasing power with our reputation for personalized customer service and strong operations should prove to be a winning formula in this region.”
About Performance Food Group:
Through its leading family of foodservice distributors – PERFORMANCE Foodservice, Vistar and PFG Customized Distribution – Performance Food Group, Inc. (PFG) delivers over 98,000 national and proprietary-branded food and food-related products to more than 128,000 independent and national chain restaurants, quick-service eateries, pizzerias, theaters, schools, hotels, health care facilities and other institutions through its 69 distribution centers and 13 Merchant’s Mart locations across the United States. Altogether, PFG’s family of distributors offers outstanding service with a wide variety of high-quality products that, along with the strength of our industry-wide relationships and expertise, helps customers run their businesses successfully. Richmond, Va.-based PFG employs more than 10,000 people nationwide. For more information, visit www.pfgc.com.