Broadliner Shakeup: Performance Food Group Buys Reinhart Foodservice

In an acquisition that resets the broadline distribution sector, Performance Food Group announced July 1 it has acquired Reinhart Foodservice for $2 billion.

The deal unites the country’s third- and fifth-largest foodservice distributors. PFG, ranked third, has about $18 billion in net sales. Only Sysco and US Foods are bigger than Richmond, Va.-based PFG.

trucks and warehouse

Reinhart, ranked fifth among broadliners, is the second-largest privately held distributor in the country; it generates net sales in excess of $6 billion. The Rosemont, Ill., company has 26 distribution centers servicing independent restaurants, healthcare, education and other segments. Its biggest chain customers include Burger King, Subway, and Five Guys.

The company was founded in 1972 and has been owned by Reyes Holdings since 2005, a period in which the distributor grew to $6 billion in sales from $1.6 billion. The deal is subject to regulatory approvals.

- Advertisement -

- Advertisement -

- Advertisement -

TRENDING NOW

RELATED CONTENT

Patio Heaters at a Restaurant

Restaurants Face Patio Heater Shortage

Operators are finding heating equipment in short supply as they try to extend outdoor dining into colder months.

Read More...
Restaurant Glasses Image by LEEROY Agency from Pixabay

TriMark Merges Its E-Commerce Brands

Two sites and sales teams to unite under ChefsToys.com.

Read More...
Plastic restaurant takeout bag

NJ Governor Signs Bag Ban Into Law

The state calls its new law "the strongest bag ban in the nation." 

Read More...