Performance Food, US Foods Agree to Evaluate Possible Deal
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Performance Food Group Co. and US Foods Holding Corp. reached an agreement to share information on a potential combination that would create a distribution firm with roughly $100 billion in sales.
The companies will evaluate regulatory issues and cost savings of a deal, according to a statement. The accord doesn’t assure a transaction will be proposed, Performance Food said.
Performance Food ranks No. 4 and US Foods ranks No. 5 on the Transport Topics Top 100 list of the largest private carriers in North America. US Foods ranks No. 2 and Performance Food ranks No. 3 on the top food service carriers list.
Bloomberg News reported earlier this year that US Foods had begun pursuing a takeover of Performance Food. But the board of Performance Food didn’t engage in talks, citing risks including regulatory approval.
Performance Food rose about 5% in premarket trading on Sept. 15, following a 23% gain this year. US Foods was little changed, after an 18% advance in 2025.
In recent weeks, board members of Performance Food engaged with several of its large shareholders, the company said. It also began talks with US Foods during this period.
In August, Bloomberg News reported that activist investor Sachem Head Capital Management had privately nominated candidates to the board of Performance Food and wanted the distributor to consider a merger with US Foods.
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