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.
To better support PFG's growing customer base, the company will expand its operations in East Tennessee and make two leadership changes.
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.
