RICHMOND, Va. – Performance Food Group Company of Richmond (PFG) has agreed to acquire Eby-Brown Company, the Naperville, Illinois-based distributor of prepackaged candy, snacks, specialty beverages and tobacco products to the convenience industry, according to Businesswire.com.
“We are excited about Eby-Brown joining the PFG family of companies and adding their customer-centric approach to ours,” said George Holm, PFG chairman, president and CEO. “Their impressive levels of order fulfillment, on-time delivery and ability to adapt to customer needs have helped build their reputation as a premier provider of convenience industry solutions for independent operators and larger retail chains. This acquisition will provide a new, complementary growth opportunity for PFG with incremental revenue synergies in our foodservice platform.”
This acquisition will allow PFG’s Vistar distribution segment to expand in the convenience store channel, where there is significant overlap with suppliers and product categories. Combined, Vistar and Eby-Brown will service more than 75,000 locations.
Founded more than 125 years ago, Eby-Brown operates eight distribution facilities in Georgia, Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania and Wisconsin and serves 20 states. Eby-Brown had $5.3 billion in fiscal 2018 revenue, including $1 billion of tobacco excise taxes.
Subject to regulatory approval, the companies expect the transaction to close in the second quarter of 2019.