Performance Food Group Announces Acquisition of Ledyard Company
RICHMOND, Va. (December 10, 2010)
Performance Food Group has announced the acquisition of Ledyard Company, a broadline foodservice distribution company in Santa Cruz, California.
Ledyard Company was established in 1929 as a local distributor of food, equipment and supplies to restaurants and institutions in Central and Northern California. The company provides a complete line of frozen and refrigerated foods, produce and dairy, grocery, janitorial and chemical products, smallwares and tabletop items. Ledyard Company employs approximately 100 associates. Ledyard will become one of the Performance Food Group broadline distribution operating companies, and will be referred to as “PERFORMANCE Foodservice – Ledyard”.
George Holm, President and CEO for Performance Food Group, said, “We are pleased to be able to add the Ledyard organization into our family of companies. The addition of Ledyard will allow us to increase our presence on the West Coast. This acquisition brings great opportunities for both organizations.”
Mac Pearce, EVP, President and CEO of PERFORMANCE Foodservice, added, “This acquisition displays our commitment to sales growth and our focus on creating new opportunities for our customers centered on enhanced brands and service capabilities.” Richard Fontana, President of Ledyard Company stated, “This is an exciting time for Ledyard. We have been and will continue to be true partners with our operators. Joining the Performance Food Group family supports this commitment, and it represents expanded opportunities for our associates and enhanced service and product offering to our customers.”
About Performance Food Group:
Performance Food Group Company is the parent company of the leading family of foodservice distributors – Performance Foodservice, Vistar, and PFG Customized Distribution. Through these three segments, it delivers over 94,000 national and proprietary branded food and food-related products to more than 115,000 independent and national chain restaurants, quick-service eateries, pizzerias, theaters, schools, hotels, healthcare facilities, and other institutions via its 65 distribution centers and 12 Merchant’s Mart locations across the United States. Altogether, Performance Food Group Company’s family of distributors offers outstanding service with a wide variety of high quality products that, along with the strength of our industry wide relationships and expertise, helps customers run their businesses successfully.