PFG’s Acquisition Of Reinhart Creates An Entity To Compete With Sysco And US Foods

Since the Performance Food Group announcement of its acquisition of Reinhart Foodservice broke just as we went to press last week, we didn’t get to discuss the implications. PFG, which is publicly traded, is paying about $2 billion, not including tax benefits, for privately held Reinhart; Reinhart had 2018 sales of an estimated $6 billion….