Performance Food Group completed the acquisition of Cheney Bros from CD&R for $2.1bn.

Performance Food Group, a food distributor and supplier, completed the acquisition of Cheney Bros, an independent broadline foodservice distributor, from Clayton Dubilier & Rice, a private equity company, for $2.1bn. “Cheney Brothers will be an outstanding addition to our Foodservice segment, and we are excited to welcome their many talented associates to the PFG family of companies. This acquisition will expand and enhance our offerings to a high-quality and diverse customer base. We have long admired the success of Cheney Brothers in the Southeastern US and believe that the combination of our organizations will push the business to new heights. We are excited for what the future holds for the newest addition to PFG," George Holm, PFG Chairman & CEO.