George Holm, president and ceo of Vistar parent Performance Food Group, said, "The strategy behind this acquisition is to significantly enhance our presence in the Midwest specialty market and grow by utilizing alternative sales and distribution strategies currently in place at Five Star."
Patrick Hagerty, president and ceo of Vistar, added, "The acquisition of Five Star opens new long-term opportunities enabling us to continue our pattern of rapid growth and further our opportunities to offer our exclusive brands to an expanded customer base."
Vistar, based in Centennial, Colorado, currently serves more than 33,000 customers in 50 states through 22 distribution centers. Vistar is a division of Performance Food Group, the nation’s No. 3 foodservice distributor, which serves more than 68,000 national and private-label food and food-related products to over 41,000 restaurants, hotels, cafeterias, schools, healthcare and other institutions.