While its lawyers go to bat for two employees accused of stealing trade secrets from a competitor, a local food distribution company is making more room for its own.
Goochland-based Performance Food Group has expanded its presence in an office building at 8720 Stony Point Parkway, renewing its lease and expanding its space from 22,000 to 29,000 square feet.
Spokesman Joe Vagi said the space has allowed the company to relocate about 100 people from its headquarters at West Creek Business Park.
“Our business is currently growing,” Vagi said.
He said the relocations were due to space limitations at its headquarters at 12500 West Creek Parkway. The 91,000-square-foot building currently houses about 250 employees, he said.
The company first moved into the Stony Point building in mid-2014. The property is owned by Highwoods Properties. JLL represented PFG in the leasing deal reported in December.
PFG’s local operations also include a 334,000-square-foot warehouse and distribution center off Staples Mill Road – one of 68 distribution facilities it operates across the U.S. The company employs just shy of 300 workers there.
The third-largest food distribution company in the country behind Sysco Corp. and US Foods, PFG returned to the New York Stock Exchange last fall after a seven-year absence.
In October, US Foods sued PFG and two of its employees who previously worked for US Foods, alleging that PFG induced them to share proprietary information after they switched companies.
PFG denied the allegations in a response dated Nov. 30, 2015, and asks a federal judge to dismiss the case. A status hearing is scheduled March 16 in federal court in Illinois.
PFG is represented in the case by lawyers from McGuireWoods, including Rodney Satterwhite from the firm’s Richmond office. Law firm Proskauer Rose is representing US Foods.
A blocked merger of Sysco Corp. and US Foods last year netted PFG a termination fee of $25 million – the result of an unrealized agreement for PFG to purchase 11 US Foods distribution centers from Sysco once the merger was completed.
According to fourth-quarter 2015 earnings report, PFG’s net sales had increased from $3.69 billion the same time the previous year to $3.92 billion. Net income totaled $12.2 million, almost double what it was the year before.
PFG markets and distributes approximately 150,000 food items and food-related products to more than 150,000 customers. Customers include restaurant chains such as Bonefish Grill, Cracker Barrel, O’Charley’s and Outback Steakhouse, as well as schools, business and industry locations, hospitals, vending distributors, office coffee service distributors, big-box retailers and theaters.