Performance Food Group Announces Acquisition of Somerset Food Service

RICHMOND, Va.--(BUSINESS WIRE)--Performance Food Group has announced the acquisition of Somerset Food Service, a broadline foodservice distribution company in Somerset, Kentucky. The transaction is expected to close by the end of December 2009.

“This partnership will provide excellent opportunities for our customers and our associates. We are excited about becoming a part of the Performance Food Group family.”

Somerset Food Service was founded in 1962 as an independent broadline distributor, specializing in serving the needs of single unit independent operators as well as multi-unit regional and national chains, schools, and healthcare foodservice operations. The company was acquired by its current owners in 1988, and they employ approximately 130 associates. Somerset Food Service will become one of the Performance Food Group broadline distribution operating companies, operating as “PERFORMANCE Foodservice – Somerset.” Tommy Jones, currently General Manager, will become President of PERFORMANCE Foodservice – Somerset.

George Holm, CEO for Performance Food Group said, “Somerset Food Service has become a very successful company by focusing on providing quality food and timely service to its customers, commitment to its associates, and strong partnerships with its vendors. These values align perfectly with those of Performance Food Group. We are pleased to add such a quality operator to our family of companies.”

Mac Pearce, EVP, President and CEO of PERFORMANCE Foodservice added, “This acquisition underscores our commitment to street sales growth and our focus on creating opportunity for our customers through our brands and service capabilities. Adding Somerset Food Service allows us to expand our presence in Kentucky and surrounding states and brings great opportunities for both organizations. We welcome Tommy Jones and his team and look forward to building on their success.”

Mac Godby, President of Somerset Food Service, said, “This partnership will provide excellent opportunities for our customers and our associates. We are excited about becoming a part of the Performance Food Group family.”

About Performance Food Group:

Performance Food Group is a national distributor of food service products with over 65 facilities spread from coast to coast. The company began back in 1987, when several broadline and customized distributors banded together to form PFG. The company grew rapidly, and in 2008 PFG merged with Vistar, the country’s leading snacks, beverages, and candy distributor to unique customer segments such as vending, retail, theater, and concession operators, and Vistar’s Roma division, which distributes to pizzerias and other Italian-themed restaurants. PFG has a large and growing business serving independent restaurants and is the country’s largest distributor to the Casual Dining segment and to independent pizzerias and other Italian-themed restaurants. It also has a strong number one position distributing to Vending, Office Coffee Service, and Theater operators. Performance Food Group markets and distributes more than 68,000 national and private label food and food-related products, including its Ridgecrest, West Creek, Silver Source and First Mark brands, to over 41,000 restaurants, hotels, cafeterias, schools, healthcare and other institutions.