Business
Woolworths forks out $500 million to buy major food distributor PFD – Sydney Morning Herald
The supermarket giant has announced a surprise megadeal, buying Australian foodservice distributor PFD Foodservices.
The family-owned company, which was founded in 1943, offers fresh seafood and meat, frozen products and dry goods to places such as pubs and clubs, cafes, restaurants, aged care and retirement villages, theme parks, fast food outlets, schools and kindergartens, according to its web site. It also supplies ready made sandwiches, wraps and salads to petrol stations and convenience stores, airlines and healthcare services.
Woolworths’ acquisition builds on an existing partnership between the two co…
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