Performance Food Group Company Completes the Acquisition of Cheney Bros, Inc.
Performance Food Group Company (PFGC)
Last performance food group company earnings: 2/5 07:00 am
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Source: Business Wire
RICHMOND, Va.--(BUSINESS WIRE)--Performance Food Group Company (PFG) (NYSE:PFGC) today announced that it has completed the acquisition of Cheney Bros., Inc. (“Cheney Brothers”), a leading independent broadline foodservice distributor based in Riviera Beach, Florida. The acquisition creates a stronger presence in the Southeast region and provides additional distribution capacity. Cheney Brothers generates approximately $3.2 billion in annual revenue. The company has approximately 3,600 employees and operates five distribution centers in Florida and North Carolina. PFG continues to expect to generate approximately $50 million of annual run-rate cost synergies in the third full fiscal year following the closing of the transaction.“We are excited to close the acquisition and welcome Cheney’s many talented associates to the PFG family of companies,” said George Holm, PFG Chairman & CEO. “Cheney has built a strong business and this transaction expands PFG’s platform and geographic reach
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News
- Decoding Performance Food Group Co (PFGC): A Strategic SWOT Insight [Yahoo! Finance]Yahoo! Finance
- Performance Food Group (NYSE: PFGC) had its price target raised by analysts at Truist Financial Co. from $88.00 to $101.00. They now have a "buy" rating on the stock.MarketBeat
- Performance Food Group (NYSE: PFGC) had its price target raised by analysts at Guggenheim from $90.00 to $95.00. They now have a "buy" rating on the stock.MarketBeat
- Performance Food Group (NYSE: PFGC) had its price target raised by analysts at BMO Capital Markets from $87.00 to $95.00. They now have an "outperform" rating on the stock.MarketBeat
- Performance Food Group (NYSE: PFGC) had its price target raised by analysts at UBS Group AG from $98.00 to $102.00. They now have a "buy" rating on the stock.MarketBeat
PFGC
Earnings
- 11/6/24 - Miss
PFGC
Sec Filings
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- 11/12/24 - Form 144
- PFGC's page on the SEC website