Eby-Brown will reportedly maintain its current leadership.
Performance Food Group (PFG) signed an agreement to purchase Chicago-based c-store distributor Eby-Brown Co.
Eby-Brown presidents and management will continue to run the company, the company told Crain’s Chicago Business.
“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,” said Eby-Brown Co-President Dick Wake.
Based in Richmond, Va., PFG has 73 distribution centers and delivers food and related products to more than 150,000 U.S. locations.
Eby-Brown’s “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,” said PFG Chairman, President and CEO George Holm. “This acquisition will provide a new, complementary growth opportunity for PFG with incremental revenue synergies in our foodservice platform.”