Performance Food Group has acquired José Santiago Inc., a leading foodservice distributor in the Caribbean, to enhance its market presence and operational capabilities.
Target Information
José Santiago Inc., a fourth-generation, family-owned distribution company, has established itself as the leading full-line foodservice distributor in Puerto Rico, the U.S. Virgin Islands, and the British Virgin Islands since its inception in 1902. The company serves a diverse range of clients, from large institutions to smaller businesses, by providing a wide variety of foodservice products. José Santiago Inc. is recognized for its commitment to quality, which has contributed to its enduring success and reputation over more than 120 years.
The recent acquisition marks a significant milestone for José Santiago Inc. as it transitions into Performance Food Group (NYSE: PFGC), an organization that shares similar values and dedication to service. This strategic move is expected to enhance the sustainability and growth of José Santiago Inc. while preserving its identity and long-standing traditions.
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Industry Overview
The foodservice industry in Puerto Rico and the Caribbean region is characterized by a growing demand for diverse and quality food products, driven by an expanding tourism sector and an increasing population. T
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