Performance Food Group Acquires Cheney Bros. for $2.1 Billion

The acquisition expands PFG's distribution network in the Southeast and boosts annual revenue by $3.2 billion.

PFG's shares rose significantly following the acquisition announcement and strong Q4 earnings.
Cheney Bros. adds five distribution facilities to PFG's network.
PFG's Q4 adjusted EPS of $1.45 exceeded analyst expectations.
The deal is expected to enhance PFG's offerings to a diverse customer base.
PFG forecasts 2025 net sales between $60 billion and $61 billion.