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Performance Food to buy foodservice distributor Cheney Bros for $2.1 bln
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Performance Food to buy foodservice distributor Cheney Bros for $2.1 bln
Aug 14, 2024 4:18 AM

Aug 14 (Reuters) - Performance Food Group Company ( PFGC )

said on Wednesday it would acquire Florida-based

foodservice distributor Cheney Bros for $2.1 billion in cash,

bolstering its presence in Southeastern U.S.

The deal is expected to close in 2025, the company said, and

is anticipated to add to adjusted earnings per share by the end

of the first full fiscal year.

Cheney had annual sales of more than $3 billion and has

operated since 1925.

(Reporting by Granth Vanaik in Bengaluru; Editing by Sriraj

Kalluvila)

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