Performance Food Group, Inc., Richmond, VA, has agreed to acquire Institution Food House, Inc. from Alex Lee, Inc. The transaction is expected to close in mid-June.
| We Deliver Distribution News to Your Inbox Sign up below to receive MDM Update, your free weekly distribution news update by email. |
IFH is a $600 million foodservice distributor based in Hickory, NC, with an additional location in Florence, SC. It employs approximately 700 people.
The acquisition will strengthen Performance Food Group’s presence in the Southeast and supports key strategic opportunities for both companies, according to a press release from the company.
