Performance Food Group to Acquire Fox River Foods, Inc.
RICHMOND, Va. (December 12, 2012)—Performance Food Group, Inc. announced that it has entered into an agreement to acquire Fox River Foods, Inc., an independently owned broadline foodservice distribution company serving customers in seven states throughout the Upper Midwest, and ranked #20 in the 2011 ID Report Top 50. The transaction is expected to close before the end of the year.
“The addition of Fox River Foods will significantly strengthen our position in the region and in several key metropolitan areas, particularly Chicago,” said George Holm, PFG President and CEO. “This acquisition supports our strategic growth plans and will offer added value to existing Performance Foodservice and Fox River Foods customers.”
Fox River Foods began operations in 1956 and currently serves more than 7,000 customers in Illinois, Iowa, Indiana, Wisconsin, Michigan, Missouri and Minnesota. Its customers range from fine dining establishments to family restaurants, schools, health care facilities, child care centers, hotels and concessionaires. “
Fox River has earned a reputation as one of the fastest-growing and best independent distributors in the country,” said Mac Pearce, Executive Vice President of PFG. “Their growth in recent years during this difficult economic climate is a testament to the ability, dedication and commitment of its associates. We look forward to welcoming those associates to the PFG family and integrating the Fox River operations with ours.”
Fox River Foods is based in Montgomery, Ill., where recent warehouse expansions there increased its storage capacity to 326,000 square feet, including dry, refrigerated and frozen storage areas.