Bozzuto’s, one of the largest grocery suppliers in the Northeast, has acquired a majority stake in Massachusetts-based Roche Bros. grocery chain.
After many decades of family ownership, Roche Bros. said the decision marks an important step in its evolution, aimed at sustaining the company’s legacy while positioning it for new opportunities. The transaction will enable the company to maintain its autonomy and continue to operate independently and grow its business.
Rick, Ed and Caitlin Roche, representing the Roche family, shared their confidence in the new partnership and its alignment with the company’s values.
According to a statement from the family, “This decision was made thoughtfully and with our team, our customers and our shared values as our guiding priorities. After many wonderful years as a family-owned business, this partnership will allow us to reinforce our stability, ensure quality and continue our positive impact in the community.”
The Roche family emphasized that day-to-day operations will remain unchanged. The current leadership team will continue to manage the company, with Rick and Caitlin Roche guiding the business forward. The partnership with Bozzuto’s brings resources and shared values, with a mutual commitment to the people and communities that have made Roche Bros. what it is today.
[RELATED: Roche Bros. Celebrates 70th Anniversary In 2022]
“Michael Bozzuto shares our passion for serving the community and supporting our associates,” the family stated. “We are grateful for this partnership, which we believe honors our legacy while bringing exciting opportunities for growth.”
As Roche Bros. steps into this new chapter, the family expressed gratitude to employees for their dedication and to the community for its continued trust.
Solomon Partners is serving as the exclusive financial advisor to Roche Bros. in the transaction.
