Richmond, VA — Performance Food Group Co. (PFG) has moved to purchase Eby-Brown Co., LLC in a deal that is anticipated to close during the second quarter, according to the acquiring firm.
Once finalized, the transaction will allow PFG’s Vistar segment to strategically expand into the fast-growing c-store channel. The combined companies will service more than 75,000 locations.
“We are excited about Eby-Brown joining the PFG family of companies and adding their customer-centric approach to ours,” says PFG Chairman, President & CEO George Holm. “Their impressive levels of order fulfillment, on-time delivery and ability to adapt to customer needs have helped build their reputation as a premier provider of convenience industry solutions for independent operators and larger retail chains. This acquisition will provide a new, complementary growth opportunity for PFG with incremental revenue synergies in our foodservice platform.”
Eby-Brown, headquartered in Naperville, IL, is led by Tom and Dick Wake, operates eight distribution centers throughout the Midwest, Northeast and Southeast, and is the third-largest wholesale CPG distributor to the convenience channel, PFG reports.
“We believe this acquisition will better position us to serve existing and new customers, and we’re excited about the innovative possibilities that we will be able to provide to our customers, as a part of PFG,” Dick Wake says.