Performance Food Group Company – one of the largest food and foodservice distribution companies in North America – has climbed to No. 112 on the 2022 Fortune 500 list, which ranks the top publicly traded companies by annual revenue. With the new ranking, PFG remains the highest-ranked company by revenue headquartered in the Richmond, Virginia, area, according to the announcement.
“Our move up the Fortune 500 ranking list reflects PFG’s continuing strength and growth, made possible by our essential, hardworking and very talented team,” George Holm, PFG’s chairman and chief executive officer, said in the announcement. “Our journey to becoming a unique industry leader is a powerful story of organic success coupled with expansion into new lines of business, distribution channels and product offerings. We’re grateful for our associates, customers and suppliers and the many communities that play such an important role in our success each and every day.”
Since the company’s IPO in 2015, PFG has focused on sustainable sales and profit growth through expansion, strategic mergers and acquisitions across North America. This progress has been rewarded by a steady move higher on the Fortune 500 list – from No. 185 in 2016 up to its current position at No. 112.