(May 27, 3:26 p.m.) Performance Food Group Co., Richmond, Va., has completed its merger with Centennial, Colo.-based Vistar Corp. The deal was valued at $1.4 billion, the company said in a news release May 27.

PFG shareholders approved the merger with Vistar, which is controlled by The Blackstone Group and Wellspring Capital Management, May 14. Under terms of the agreement, PFG shareholders were to be paid $34.50 for each outstanding share they held at the end of trading May 23. The company’s stock has been delisted.

The merged foodservice companies will be known as Performance Food Group. George Holm, who had served as president and chief executive officer of Vistar, is CEO of the new entity.

The company said in its news release that it expects to generate about $10 billion in annual revenue. PFG reported May 5 that it had sales of $1.7 billion and net earnings of $4.3 million in the first quarter.