RICHMOND, Va.--(BUSINESS WIRE)--Performance Food Group Company (NYSE: PFGC) today announced that an affiliate of Wellspring Capital Management LLC (the “Selling Stockholder”) intends to offer for sale in an underwritten secondary offering 5,000,000 shares of common stock of the Company. The Selling Stockholder will receive all of the proceeds from this offering. The Company is not offering any shares of common stock in the offering and will not receive any proceeds from the sale of shares in this offering.
Barclays Capital Inc. is acting as sole underwriter for the offering.
About the Company
Through its family of leading foodservice distributors – Performance Foodservice, Vistar and PFG Customized – the Company markets and distributes approximately 150,000 food and food-related products from 76 distribution centers to over 150,000 customer locations across the United States. The Company’s 14,000+ associates serve a diverse mix of customers, from independent and chain restaurants to schools, business and industry locations, hospitals, vending distributors, office coffee service distributors, big box retailers and theaters. The Company sources its products from more than 5,000 suppliers and serves as an important partner to its suppliers by providing them access to the Company's broad customer base.