Arden Group Inc., parent of Gelson’s Markets, an operator of 17 full-service specialty grocery stores in Southern California, has entered into a definitive agreement to be acquired by TPG, the global private investment firm, in an all-cash transaction valued at approximately $394 million. Under the terms of the agreement, Arden Group’s shareholders will receive $126.50 […]
Category: Corporate Store News
Posted in, Corporate Store News, Southeast
Ingles Reports 49th Consecutive Year Of Sales Growth
Ingles Markets Inc. on Monday reported record sales of $3.74 billion for fiscal 2013, its 49th consecutive year of sales growth. Net income for the fourth quarter totaled $15.6 million, 17.2 percent higher than net income of $13.3 million for the fourth quarter of fiscal 2012. For the full fiscal years, net income was $20.8 […]
Posted in, Corporate Store News, Northeast
Tops Friendly Markets Returns To Local Ownership
Tops Friendly Markets, a leading full-service grocery retailer in upstate New York, northern Pennsylvania and western Vermont, said today that the previously announced acquisition of Tops Holding II by a group of senior managers of the company led by Tops President and CEO Frank Curci closed on Dec. 1. During the past six years under […]
Posted in, Corporate Store News, Southeast
Danfoss Names Winn-Dixie Its Fourth EnVisioneer Of The Year
Danfoss, a leading manufacturer of high efficiency electronic and mechanical components and controls for air-conditioning, heating, refrigeration and motion systems, has recognized supermarket chain Winn-Dixie as the winner of its fourth annual EnVisioneer of the Year award. Winn-Dixie, a subsidiary of Bi-Lo Holdings, the ninth-largest conventional supermarket chain in the U.S. based on net sales, […]
Posted in, Corporate Store News, Midwest
Spartan Stores, Nash Finch Co. Merge To Become SpartanNash
Spartan Stores and Nash Finch Co. announced their intention to merge over the summer in an all-stock merger valued at approximately $1.3 billion, including existing net debt at each company. That merger is now official after a vote by shareholders held Monday. More than 99 percent of Spartan Stores shareholders and more than 98 percent of Nash […]
Posted in, Corporate Store News, Southwest
H-E-B First Company To Be Inducted Into Texas Business Hall Of Fame
During the 31st annual induction dinner, the Texas Business Hall of Fame Foundation honored H-E-B as one of this year’s inductees. This was the first time that a company, rather than an individual, was inducted into the Hall of Fame. “We are honored to receive this award,” said Craig Boyan, H-E-B president and COO. “It’s […]
Posted in, Corporate Store News, Northeast
Wegmans Becomes First Retailer To Join Plastic Film Recycling Group
The American Chemistry Council (ACC) says that Wegmans Food Markets Inc. has joined the association’s Flexible Film Recycling Group (FFRG). Wegmans is the first retailer to join the FFRG, a self-funded group in ACC’s Plastics Division dedicated to driving growth in polyethylene film recovery. Wegmans is a family-owned regional supermarket chain based in Rochester, N.Y., […]
Posted in, Corporate Store News, Midwest
Spartan Stores Converting One Banner, Slowing Growth Of Another
by Terrie Ellerbee/associate editor The company that will result from the merger of Spartan Stores and Nash Finch Co. will without doubt have one thing in abundance: brands. Plans are to begin integrating the two companies before the end of the calendar year, as shareholder approval is pending but expected. Edina, Minn.-based Nash Finch operates […]