Convenience store operator Alimentation Couche-Tard has signed, through its wholly-owned indirect subsidiary Circle K Stores Inc., an agreement to purchase all the assets operated under the Texas Star brand from Texas Star Investments and its affiliates. The assets are comprised of 18 convenience stores, two free-standing Subway stores and a dealer fuel supply network located […]
Tag: Acquisition
Posted in, Northeast
JOH Acquires H&H Specialty Food Associates
JOH, Billerica, Massachusetts, has acquired H&H Specialty Food Associates of Red Bank, New Jersey, a full-service specialty, ethnic and natural food broker. The addition of H&H will provide complimentary resources and broader support to JOH clients and customers in the specialty, ethnic and natural food categories in the metro New York/New Jersey and Mid-Atlantic markets, according […]
Posted in, Beverage News, National, Suppliers
SABMiller Agrees To Merge With AB In-Bev
The fourth time is apparently the charm, as SABMiller has agreed “in principle” to merge with Anheuser-Busch InBev. AB InBev on Monday confirmed another offer to buy SABMiller for about 67.4 billion pounds, or $103.6 billion. The bid is more than a pound more per share (43.50) than its previous offer of GBP 42.15, which […]
Posted in, Beverage News, National, Suppliers
A-B InBev Ups Bid, Again, For SAB Miller
Anheuser-Busch InBev really wants to merge with SABMiller in order to make a global beer giant. The company today confirmed another offer to buy SABMiller for about 67.4 billion pounds, or $103.6 billion. The bid is more than a pound more per share (43.50) than its previous offer of 42.15, which SABMiller rejected less than […]
Posted in, Beverage News, National, Suppliers
SABMiller Rejects Latest Purchase Offer From A-B InBev
The SABMiller board of directors has unanimously rejected Anheuser-Busch InBev’s latest offer to buy the company for GBP 42.15 per share in cash, which would have given it a value of nearly £68 billion, or $103.6 billion. A-B made the proposal today. The offer is the company’s third for SABMiller; the prior two were written […]
Posted in, Meat/Seafood/Poultry, Midwest
Bakalars Sausage Co. Acquires Schweigert From Cargill
Bakalars Sausage Co. has entered into an agreement to acquire the Schweigert brand of hot dogs, natural casing dogs, braunschweiger, summer sausage and breaded chicken products from Wichita, Kansas-based Cargill Turkey & Cooked Meats. Terms of the agreement to be completed in October were not disclosed. “This is a wonderful addition to our portfolio of […]
Posted in, Northeast
Weis Completes Market Purchase From C&S
Weis Markets has completed the purchase of Nell’s Shurfine Market in Hanover, Pennsylvania. Weis Markets purchased the store from C&S Wholesale Grocers. This store will temporarily close while it is being converted and upgraded. It will reopen at 6 a.m. Sunday, Sept. 20. “We’ve completed the purchase and have begun upgrading this facility. As part […]
Posted in, Northeast
Conn. ShopRites Earn Grocery Stewardship Award, and More…
New Channels News In Brief… Garafalo Markets of Connecticut has achieved Grocery Stewardship Certification for five of its ShopRite stores. The certification recognizes the company’s commitment to incorporating sustainable best practices in its stores. Garafalo Markets operates ShopRite stores in Milford, East Haven, Stratford, West Haven and Hamden. “We work very hard with our employees to […]
Posted in, Northeast
McCormick Completes Purchase Of Stubb’s Barbeque Sauces, And More…
New Channels News In Brief… McCormick & Co. has completed the purchase of One World Foods Inc., seller of Stubb’s barbeque sauces of Austin, Texas. Stubb’s products include marinades, rubs and skillet sauces. Annual sales of the business are projected to be $30 million in 2015 and are expected to grow at a double-digit rate […]
Posted in, Northeast
Sunoco To Acquire Northeast-Based Fuel Distributor
Sunoco LP says that one of its wholly owned subsidiaries will purchase a wholesale motor fuel distribution business serving the Northeast for approximately $57 million, plus the value of inventory on hand at the time of closing. The name of the distribution business had not been revealed at the time of this report. However, Sunoco […]
Posted in, Northeast
Hannaford Debuts Small-Format Store, Will Purchase Durham, N.H., Market
Hannaford is opening a smaller store, a 20,000-s.f. unit (less than half the size of a traditional Hannaford) in North Berwick, Maine, on Aug. 8. Some of the store’s features will include fresh produce, a walk-in beer cooler, as well as gluten-free, natural and organic items. The store will employ as many as 75 associates, […]
Posted in, Northeast
Hain Celestial Acquires Europe-Based Mona Group, And More…
New Channels News In Brief… The Hain Celestial Group of Lake Success, New York, an organic and natural products company with operations in North America, Europe and India, has purchased the Mona Group, a manufacturer of plant-based foods and beverages with facilities in Germany and Austria. Mona offers a range of organic and natural products […]
Posted in, Independent Store News, Southeast, Store News
Food City Buying 29 Bi-Lo Stores, Will Enter Georgia With Purchase
Abingdon, Virginia-based K-VA-T Food Stores/Food City has reached an agreement with Southeastern Grocers, which operates the Bi-Lo, Winn-Dixie and Harveys banners in the Southeast, to purchase 29 Bi-Lo stores. The stores are located in Chattanooga, Tennessee, and northwest Georgia. Food City will enter a new state—Georgia—with the deal, while Bi-Lo will exit Tennessee. Food City […]
Posted in, Northeast
Dollar Tree Completes Purchase Of Family Dollar
Dollar Tree has completed the acquisition of Family Dollar Stores, a leading national discount retailer offering name brands and private brand merchandise. The new combined company creates a combined organization with sales exceeding $19 billion annually with more than 13,600 stores across 48 states and five Canadian provinces. The new company intends to retain and to […]
Posted in, Northeast
Cambridge Petroleum Corp. Readies Eight Sites For Bid, And More…
Convenience Store News In Brief… Cambridge Petroleum Corp. (CPC) plans to sell the leasehold rights title and interest in seven gasoline service stations (along with commission contracts with the existing lessees) and the fuel supply on one location through a sealed bid sale to be coordinated by The Energy Exchange of Chicago. The sealed bid […]
Posted in, Northeast
Arbor Investments Purchases Massachusetts-Based Concord Foods
Concord Foods LLC of Brockton, Massachusetts, a supplier of retail food products and custom ingredients to nationally recognized supermarkets, food service operators and manufacturers, recently was purchased by Arbor Investments, a Chicago private equity firm. Concord’s four divisions—Concord Foods, Oringer, Red-E-Made and Tempo—serve retailers, food manufacturers and food service establishments across the country. Concord’s retail division […]
Posted in, Northeast
Sysco Terminates Merger Agreement With US Foods
Sysco Corp. has terminated its merger agreement with US Foods, days after the U.S. District Court in Washington, D.C., granted the Federal Trade Commission’s request for a preliminary injunction to block the proposed Sysco-US Foods merger. This action also terminates an agreement with Performance Food Group (PFG) to purchase US Foods facilities in 11 markets. […]
Posted in, Northeast
Cumberland Farms Scholarship Program Surpasses $1M Mark, And More…
Convenience Store News In Brief… Cumberland Farms has awarded 130 high school seniors from nine states “Believe and Achieve Scholarships” to help them attend college this fall. Since the program began nine years ago, the company has provided more than $1 million in financial assistance to more than 1,000 people. This year, Cumberland Farms also […]
Posted in, C-Store News, Northeast
CST Brands And CrossAmerica Announce Dropdown Transactions, Acquisition Of One Stop Stores
CST Brands Inc. and CrossAmerica Partners LP have announced two dropdown transactions totaling approximately $261.5 million between CST Brands and CrossAmerica. The transactions are expected to close in the third quarter of 2015. In addition, CrossAmerica has entered into a definitive agreement to acquire the One Stop convenience store network, based in Charleston, West Virginia, that […]
Posted in, Albertsons, Corporate Store News, Store News
CVS-Target Pharmacy Deal Could Spur More Activity Among Industry
It was announced this week that CVS Health Corp. and Target Corp. have entered into a definitive agreement for CVS Health to acquire Target’s pharmacy and clinic businesses for approximately $1.9 billion. It’s big news, and a deal that—as Reuters reports—may spur supermarkets to find their own pharmacy partners. Reuters reports: “Drug stores in recent years […]