Performance Food Group Company Announces Agreement to Acquire Cheney Bros, Inc. Seite 1

Performance Food Group Company (PFG) (NYSE:PFGC) today announced that it has entered into a definitive agreement with Cheney Bros., Inc. (“Cheney Brothers”), a leading independent broadline
foodservice distributor based in Riviera Beach, Florida and owned by the Cheney family and Clayton Dubilier & Rice (“CD&R”), pursuant to which PFG will acquire Cheney Brothers for $2.1
billion in cash. The acquisition will create a stronger presence in the Southeast region and provide additional distribution capacity. Cheney Brothers generates approximately $3.2 billion in annual
revenue.

“Cheney Brothers will be an outstanding addition to our Foodservice segment, and we are excited to welcome their many talented associates to the PFG family of companies”, said George Holm, PFG
Chairman & CEO. “This acquisition will expand and enhance our offerings to a high-quality and diverse customer base. We have long admired the success of Cheney Brothers in the Southeastern U.S.
and believe that the combination of our organizations will push the business to new heights. We are excited for what the future holds for the newest addition to PFG.”