Florida-based Cheney was acquired by Performance Food Group in October 2024 for $2.1 billion.
Latest In Performance Food Group
The news comes about four weeks after PFG nixed talks with U.S. Foods about a potential combination that would've seen the latter take over the company.
US Foods stands by its ability to deliver growth as a standalone company.
One month after PFG rejected talks with US Foods about a potential combination, the two foodservice distributors are now sharing information to explore what would be a landmark merger.
PFG rejected a takeover proposal from US Foods while reporting strong 4Q and full-year 2025 financial results driven by recent acquisitions and sales growth.
Cheney significantly expands PFG's presence in the Southeast U.S., along with a Puerto Rico distributor acquired in July.
Food distributor and supplier PFG's renewed and expanded New Jersey facility will service its Mid-Atlantic operations for Vistar.
Foodservice distributor Performance Food Group Co. started operations at its 332,000-square-foot distribution center in Richmond, Virginia.
The acquisition of OLM will expand Performance Food Group's foodservice distribution offerings for customers in multiple market segments.
PFG's total case volume grew 3% for a second straight quarter.
For the first six months of its 2023 fiscal year, net sales increased 23% over the same period in FY 2022 to $28.6 billion.
