Performance Food Group Acquires Core‑Mark
September 1, 2021
Performance Food Group Company (PFG) has completed the acquisition of Core‑Mark Holding Company, Inc., creating a combined convenience-store distribution business operating under the Core‑Mark brand and headquartered in Westlake, Texas. The deal, valued at about $2.5 billion including net debt, was structured as a stock-and-cash transaction and brings Core‑Mark's ~7,500–8,000 employees, 32 distribution centers and ~40,000 customer locations into PFG's Vistar segment.
- Buyers
- Performance Food Group Company
- Targets
- Core‑Mark Holding Company, Inc.
- Sellers
- Core‑Mark shareholders
- Industry
- Food & Beverage
- Location
- Texas, United States
- Transaction Type
- Buyout
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