Performance Food Group, Inc. (PFG), Richmond, Va., 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. 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,” says George Holm, president and CEO of PFG. “This acquisition supports our strategic growth plans, and will offer added value to existing Performance Foodservice and Fox River Foods customers.”
Fox River Foods 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, healthcare facilities, childcare centers, hotels and concessionaires.
“Fox River has earned a reputation as one of the fastest-growing and best independent distributors in the country,” says 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 increased its storage capacity to 326,000 square feet, including dry, refrigerated and frozen storage areas.
“Our customers, suppliers and associates will surely benefit from this alliance between Performance Foodservice and Fox River Foods,” says Ken Nagel, president of Fox River Foods. “Combining their national scope and purchasing power with our reputation for personalized customer service and strong operations should prove to be a winning formula in this region.”