C&S Wholesale Grocers of New Hampshire has finalized the purchase of Charleston, South Carolina-based Piggly Wiggly Carolina Co.’s wholesale and retail services business. “The Piggly Wiggly brand has been a Southern tradition for over 60 years, and we are proud to partner with the many talented independent owners to grow this beloved banner,” C&S executives […]
Tag: Acquisition
Posted in, C-Store News, National
Susser Petro To Acquire Mid-Atlantic C-Stores, Also Buying Aloha Petro
Susser Petroleum Partners (SUSP) and Energy Transfer Partners (ETP) announced today the first dropdown transaction between ETP and SUSP. In addition, SUSP announced an agreement to acquire Hawaii-based Aloha Petroleum Ltd., closing of a new $1.25 billion revolving credit facility, and its plan to change the partnership’s name to Sunoco LP. Dropdown of MACS and […]
Posted in, National, Organic Natural
General Mills To Acquire Annie’s For $820M
General Mills has entered into a definitive agreement to acquire Annie’s, a leading U.S. producer of branded organic and natural food products with net sales of $204 million in its latest fiscal year, completed March 2014. The transaction is valued at approximately $820 million. Annie’s will join General Mills’ U.S. natural and organic products portfolio, […]
Posted in, Southwest, Suppliers
New Tyson Leadership Team In Place Following Hillshire Acquisition
Tyson Foods Inc. has completed its merger with The Hillshire Brands Co. Shares of Hillshire Brands common stock have been delisted and are no longer traded on the New York Stock Exchange and Chicago Stock Exchange. The combination of Tyson Foods and Hillshire Brands creates a single company with more than $40 billion in annual sales […]
Posted in, Independent Store News, West
New Name For Pro’s Ranch Markets Revealed
CNG Ranch LLC—a partnership between California-based Cardenas Markets and Northgate Gonzalez Markets—says that Pro’s Ranch Markets will be renamed and branded Los Altos Ranch Market beginning Wednesday, Sept. 3. CNG Ranch utilized local Pro’s Ranch customers and employees in their research to determine the new name. Los Altos is a recognized region in Mexico where both […]
Posted in, Corporate Store News, National
Family Dollar Rejects Dollar General Bid
Family Dollar Stores Inc. on Thursday said its board of directors has unanimously rejected the non-binding proposal made by Dollar General Corp. on the basis of what the company calls “antitrust regulatory considerations.” In addition, the Family Dollar board unanimously reaffirmed its recommendation in support of the merger agreement with Dollar Tree Inc. Read more […]
Posted in, Northeast, Store News
Kroger Reportedly Among Possible Market Basket Buyers
The Kroger Co. is reportedly among the grocers considering a bid for Market Basket, the New England supermarket chain that is embroiled in a family dispute over who has control of the company. Bloomberg reports that Kroger is among about a dozen possible buyers. Others reportedly include Ahold and Delhaize. Market Basket, with 71 stores […]
Posted in, Corporate Store News, National
Dollar General Outbids Dollar Tree For Family Dollar
Dollar General has made a proposal to acquire Family Dollar Stores in a transaction valued at $9.7 billion. Dollar General’s all-cash proposal of $78.50 per share is higher than the $74.50 per share in cash and stock that Dollar Tree offered July 28 in its bid to merge with Family Dollar. Dollar General said the […]
Posted in, National, Suppliers
Cutrale, Safra Groups Propose To Acquire Chiquita For $625M In Cash
The Cutrale Group, an agribusiness and juice company, and investment firm Safra Group have proposed to acquire 100 percent of the outstanding stock of Chiquita Brands Inc. for $13 per share, or approximately $625 million, in cash. This proposal represents a premium of 29 percent to Chiquita’s closing share price of $10.06 as of Aug. […]
Posted in, Center Store, National
La Costeña Acquires Faribault Foods
La Costeña group, a privately held global leader in a wide range of packaged foods categories, has completed the acquisition of Faribault Foods, a privately held manufacturer of canned beans and vegetables based in Minneapolis. Faribault Foods will be combined with La Costeña’s U.S. affiliate, Arizona Canning, based in Tucson, Ariz. The combined companies will […]
Posted in, National, Suppliers
Pilgrim’s Pride To Acquire Tyson’s Mexican Poultry Biz For $400M
Pilgrim’s Pride Corp. has entered into a definitive agreement to purchase the totality of the poultry businesses of Tyson Foods Inc. in Mexico for $400 million. Pilgrim’s Pride is majority owned by JBS USA Holdings Inc., a wholly owned subsidiary of JBS S.A. The transaction will be paid for in cash, pending regulatory approvals. Pilgrim’s […]
Posted in, Independent Store News, Midwest
Cowley’s Piggly Wiggly In Milton Purchases Edgerton Store
Jason and Angie Cowley, current operators of Cowley’s Piggly Wiggly in Milton, Wis., have signed an agreement to purchase the Edgerton Piggly Wiggly store from Dave and Sandy Kotwitz, who plan to retire. The transaction is set to close Sept. 27, according to Piggly Wiggly Midwest. Dave Kotwitz, who has been operating the Edgerton Piggly […]
Posted in, Southeast, Store News
Dollar Tree To Buy Family Dollar For $8.5B
Two discount giants based in the Southeast are coming together. Chesapeake, Va.-based Dollar Tree said this morning that it plans to purchase Family Dollar Stores, headquartered in Matthews, N.C., in a cash and stock transaction valued at $8.5 billion, or $74.50 per share—a 22.8 percent premium over Family Dollar’s closing price as of July 25. […]
Posted in, Center Store, National, Southeast
Reynolds, Lorillard, Imperial Confirm Acquisition Talk
In response to U.K. disclosure obligations, today Imperial Tobacco PLC issued an announcement describing certain discussions among Imperial, Reynolds American Inc. (RAI) and Lorillard Inc. Reynolds and Lorillard confirmed the talks. Reynolds American said it is in discussions regarding a possible acquisition of Lorillard. British American Tobacco (BAT), RAI’s largest shareholder, is participating in the […]
Posted in, Center Store, National
Insignia Capital Group Acquires Parent Company Of On The Border Brand
Insignia Capital Group has acquired Truco Enterprises from Arbor Investments and Truco’s co-founders. Terms of the transaction were not disclosed. Founded in 1991 by David Silver and Roy Truitt and based in Dallas, Texas, Truco is a leading developer and marketer of tortilla chips, salsa and queso under the On The Border brand. The company’s […]
Posted in, Beverage News, National, New Products
Nestlé Coffee-Mate, Keurig Partner To Offer Branded Coffee K-Cup With Creamer
Keurig Green Mountain Inc. and Nestlé USA are bringing Nestlé Coffee-mate branded coffee with creamer to K-Cup packs for the Keurig brewing system. Nestlé Coffee-mate is the first brand to offer a K-Cup pack for hot coffee that combines roast and ground coffee with branded creamer. The companies plan to launch the new Nestlé Coffee-mate […]
Posted in, Corporate Store News, National
Kroger To Buy Online Retailer Vitacost.com For $280M
The Kroger Co. plans to acquire Vitacost.com Inc., a leading online retailer of healthy living products, for approximately $280 million, or $8 per share, in cash. The purchase price represents a premium of 51 percent to Vitacost.com’s closing share price on Feb. 19, 2014, the day before a major Vitacost.com shareholder publicly asked the company […]
Posted in, National
Pinnacle Terminates Merger Agreement With Hillshire, Will Receive $163M
Pinnacle Foods Inc. on Monday announced that it has exercised its right to terminate the merger agreement between the company and The Hillshire Brands Co. announced May 12. Pursuant to the terms of the merger agreement, Pinnacle is entitled to receive a cash payment from Hillshire Brands of $163 million as a result of this […]
Posted in, National, Suppliers
Hormel Foods Buying Maker Of Muscle Milk
Hormel Foods Corp. plans to acquire CytoSport, one of the largest sports nutrition companies in the U.S. and the maker of Muscle Milk. As a leading provider of premium protein products in the sports nutrition category, CytoSport says its brands align with Hormel Foods’ focus on protein while further diversifying Hormel’s portfolio and broadening the […]
Posted in, National, Southeast
Gold Creek Foods Purchases Schreiber Distribution Center
Gold Creek Foods has acquired a 124,000-s.f. distribution and production facility in Gainesville, Ga., to meet customers’ and vendor needs and advance its corporate growth business plan. The company acquired a 24-acre site at 2255 White Sulphur Rd., which formerly housed Schreiber Foods. The site is in an established industrial sector of Gainesville, has rail access, […]