USA: Supervalu to acquire Associated Grocers of Florida
US retail and wholesale firm Supervalu has reached a merger agreement to acquire food retail distribution company Associated Grocers of Florida, for the sum of $180 million. According to Progressive Grocer, the deal will enable Supervalu to expand to new parts of Florida and leverage Associated Grocers of Florida’s large customer base in South Florida, […]
USA: Supervalu to complete acquisition of Unified Grocers
US retail and wholesale firm Supervalu has completed the acquisition of wholesale grocery cooperative Unified Grocers for $390 million. The deal is comprised of $114 million in cash and $276 million for outstanding net debt. Supervalu has annual sales of about $13 billion, while Unified Grocers annual sales are approximately $3.8 billion. Mark Gross, president and […]
USA: Supervalu mulling possible Save-A-Lot sale – reports
Reuters is reporting that US grocery firm Supervalu is considering an outright sale of its discount Save-A-Lot chain, as opposed to the spin-off mooted in July. Quoting “people familiar with the matter”, the Reuters report noted that Supervalu had received some interest from private equity firms and that it would consider offers for Save-A-Lot once […]