Performance Food Group attracts takeover interest from US Foods, Bloomberg News reports (updated)

Performance Food

11/07/2025 11:48

Adds background in paragraphs 6 and 7, updates shares

July 11 (Reuters) - Performance Food Group PFGC.N has attracted takeover interest from peer US Foods Holding Corp USFD.N, Bloomberg News reported on Friday, citing people familiar with the matter.

Performance Food's shares were up more than 9% in premarket trading, while those of US Foods were flat.

Rosemont, Illinois-based US Foods has been evaluating an acquisition of Performance Food and expressed its interest about a potential combination in recent months, the report added.

US Foods and Performance Food did not immediately respond to Reuters' requests for comment.

Performance Food has a market capitalization of around $14.1 billion as of Thursday's close, according to LSEG. US Foods' markets value stands at $18.6 billion.

Performance Food, which serves ingredients and packaged food products to restaurants and retailers, had reported its profit below estimates for the last three quarters, as consumer spending remains pressured from uncertainties due to President Donald Trump's on-and-off tariffs.

US Foods had reaffirmed its annual forecasts even after missing for first-quarter profit estimates in May.

 (Reporting by Neil J Kanatt in Bengaluru; Editing by Maju Samuel)

 ((Neil.JKanatt@thomsonreuters.com;))