Performance Food Group Announces Acquisition of Cheney Brothers

Wednesday, 14 August 2024, 10:55
Performance Food Group has officially announced its acquisition of Cheney Brothers for a substantial $2.1 billion. This strategic move is expected to enhance Performance Food's distribution capabilities and expand its footprint in the foodservice market. By acquiring one of the leading distributors, the company aims to leverage Cheney Brothers' strong presence and expertise. The acquisition is poised to benefit both companies and provide enhanced services to their clients.
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Performance Food Group Announces Acquisition of Cheney Brothers

Overview of the Acquisition

Performance Food Group has announced a significant acquisition.

Details of the Deal

  • Acquisition Amount: $2.1 billion
  • Target Company: Cheney Brothers

Strategic Importance

This acquisition aims to strengthen Performance Food's position in the food distribution sector.

Impact on the Market

  1. Increased distribution capabilities
  2. Expansion of market reach

In conclusion, the acquisition of Cheney Brothers by Performance Food Group is set to bolster the company’s market strength and enhance service delivery, marking a significant step in the competitive landscape of foodservice distribution.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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