Food distributors' 2024 U.S. revenue These are the three largest U.S. broadline food distributors, with sales in the thousands of dollars. PFG has overtaken US Foods as the second-largest distributor.
Each of the major distributors have made numerous acquisitions of smaller companies in recent years. PFG bought Cheney Brothers and Jose Santiago last year. Sysco acquired Jacmar last year and Edward Don and BIX Produce in 2023. US Foods bought IWC Foodservice in 2024 and Renzi Foodservice and Saladino’s Foodservice in 2023. At the same time, regulators have in the past heavily scrutinized deals involving the biggest hardliners, worried about the potential impact of such dominance on the costs charged particularly to small chains and independents. A decade ago, Sysco canceled a planned merger with US Foods after the Federal Trade Commission blocked the merger and won an early ruling from a federal court judge. Both PFG and US Foods stocks have performed well over the past year. And though PFG is the larger company, US Foods has the higher market value: Its market capitalization is $18.6 billion, while PFG’s is $14.9 billion.
Both PFG and US Foods stocks have performed well over the past year. And though PFG is the larger company, US Foods has the higher market value: Its market capitalization is $18.6 billion, while PFG’s is $14.9 billion.
Restaurant Business Editor-in-Chief Jonathan Maze is a longtime industry journalist who writes about restaurant finance, mergers and acquisitions and the economy, with a particular focus on quick-service restaurants.
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HOSPITALITY NEWS JUL | Page 09
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