Associated Wholesalers (AWI) today said that President and CEO J. Christopher Michael is retiring from the company after 41 years of service. Veteran wholesale executive Matthew Saunders has been named president and CEO of AWI, effective immediately. AWI also said today that its board of directors has decided to pursue a sale of its White […]
Tag: Acquisition
Posted in, National
Pilgrim’s Pride Withdraws Proposal To Acquire Hillshire After Tyson Raises Its Offer
Pilgrim’s Pride Corp. today said it has withdrawn its proposal to acquire The Hillshire Brands Co. Pilgrim’s says its decision to withdraw follows today’s announcement by Tyson Foods to raise its bid to acquire Hillshire, from $50 per share to $63 per share in cash. The transaction is valued at approximately $8.55 billion. Tyson’s first […]
Posted in, National, Southwest
Pilgrim’s Pride Ups Bid For Hillshire Brands To $7.7B
Pilgrim’s Pride Corp. confirmed that on Sunday it submitted a revised proposal to acquire The Hillshire Brands Co. for $55 per share in cash in a transaction valued at $7.7 billion. The proposal represents an increase of $1.3 billion vs. Pilgrim’s initial proposal and a 49 percent premium over Hillshire’s share price one day prior […]
Posted in, National
Tyson Wants Hillshire, Deal Contingent Upon Termination Of Pinnacle Merger
Just more than two weeks after Hillshire Brands announced that it had entered into a definitive agreement to purchase Pinnacle Foods Inc. in a $6.6 billion deal, Tyson Foods said Thursday that it hopes to buy Hillshire in a $50-per-share cash transaction valued at $6.8 billion. Springdale, Ark.-based Tyson says its proposal represents a “superior […]
Posted in, National
Hillshire Brands To Buy Pinnacle Foods In $6.6B Deal
Hillshire Brands has entered into a definitive agreement to purchase Pinnacle Foods Inc. in a $4.3 billion transaction to include cash and Hillshire common stock. The deal, including debt, is valued at $6.6 billion, according to reports. Under the terms of the agreement, Hillshire will acquire all outstanding shares of Pinnacle Foods. Pinnacle stockholders will […]
Posted in, Independent Store News, Midwest
Roundy’s Selling 18 Rainbow Stores To Supervalu-Led Consortium
Supervalu Inc., the owner of Cub Foods, along with four Twin Cities-based independent grocery retailers have each entered into a definitive agreement with Roundy’s to acquire certain Rainbow Foods grocery stores for approximately $65 million, plus inventory. In total, the consortium agreed to acquire 18 Rainbow grocery stores, including 13 Rainbow pharmacies and three Rainbow […]
Posted in, National, Perishables
J&J Snack Foods Purchases Philly Swirl
J&J Snack Foods Corp. of New Jersey has acquired the stock of Philly’s Famous Water Ice Inc. Philly Swirl, located in Tampa, Fla., produces frozen novelty products sold to both retail and foodservice locations throughout the U.S. and Canada. Philly Swirl’s product offerings include kid-friendly items as well as better-for-you products. J&J says that revenues […]
Posted in, National, Organic Natural
Hain Celestial Acquires Rudi’s Organic Bakery For $61M
The Hain Celestial Group, a leading organic and natural products company, has acquired Rudi’s Organic Bakery, a leading organic and gluten-free company with facilities in Boulder, Colo. Under the Rudi’s Organic Bakery and Rudi’s Gluten-Free Bakery brands, Rudi’s offers a range of approximately 60 products—including USDA-certified organic breads, buns, bagels, tortillas, wraps and soft pretzels and […]
Posted in, C-Store News, National
Energy Transfer Partners To Acquire Susser Holdings For $1.8B
Energy Transfer Partners (ETP), owner of Sunoco, has entered into a definitive merger agreement whereby ETP will acquire Susser Holdings Corp. (SUSS) in a unit and cash transaction valued at approximately $1.8 billion. The deal is expected to close in the third quarter of 2014. By acquiring Susser Holdings, ETP will own the general partner […]
Posted in, National, Perishables
Post Holdings To Acquire Michael Foods For $2.45B
Post Holdings plans to acquire MFI Holding Corp. (Michael Foods) from affiliates of GS Capital Partners, affiliates of Thomas H. Lee Partners and other owners, for $2.45 billion. The Michael Foods acquisition will be Post’s largest transaction to date. The deal fits with Post’s focus on diversifying its business to capitalize on consumer shifts toward […]
Posted in, National, Suppliers
Mars Buying Chunk Of P&G’s Pet Food Business For $2.9B
Mars Inc. plans to buy the Iams, Eukanuba and Natura brands in major markets from The Procter & Gamble Co. (P&G) for $2.9 billion in cash. This, Mars says, is a significant strategic move for Mars Petcare to complement its large and growing global Petcare business. The companies expect to complete the transaction in the […]
Posted in, Beverage News, Independent Store News, Midwest
Buehler’s Opens Liquor Agency Inside Of Ashland Supermarket
Buehler’s Fresh Foods in Ashland, Ohio, on Thursday opened Ashland Liquor Agency inside of the supermarket—completing the transfer and relocation agreement with Longbrake Carryout to purchase the Ashland Liquor Agency. “This is the first of future Ohio liquor agencies inside Buehler’s Fresh Foods locations, with Wooster Milltown slated to open in June of 2014,” said […]
Posted in, Midwest, Suppliers
Annie’s Completes Acquisition Of Snack Manufacturing Plant In Joplin, Mo.
Annie’s, a leading natural and organic food company, has completed the acquisition of Safeway’s snack manufacturing plant in Joplin, Mo., which has been Annie’s primary manufacturer of cookie and cracker products since the inception of its snacks business in 2002. Annie’s Baking, a subsidiary of Annie’s, acquired the plant for $6.0 million, plus the actual […]
Posted in, Albertsons, National, Store News
Safeway Ends ‘Go-Shop’ Period As Albertson’s Deal Moves Forward
Safeway Inc. said this morning that the 21-day “go-shop” period that was part of the terms of the definitive merger agreement, under which AB Acquisition LLC agreed to acquire all outstanding shares of Safeway, has expired. AB Acquisition owns both Albertson’s LLC and New Albertson’s Inc. Under the agreement, Safeway and its representatives were permitted […]
Posted in, National
Chiquita Merges With Fyffes To Become Global Banana Leader
Chiquita Brands International and Fyffes said this morning that their boards have unanimously approved a definitive agreement for Chiquita to combine with Fyffes in a stock-for-stock transaction. Chiquita shareholders are expected to own approximately 50.7 percent of the combined company—called ChiquitaFyffes—and Fyffes shareholders, 49.3 percent on a fully diluted basis. The deal would create a […]
Posted in, Southeast, Store News
Bi-Lo Holdings Announces Banner Conversions For 10 Georgia Stores
Bi-Lo Holdings, parent company of the Bi-Lo and Winn-Dixie supermarket chains, has decided to convert seven existing Harveys stores to Winn-Dixie stores and three existing Winn-Dixie stores to Harveys stores. These stores are part of the pending acquisition of 134 operating stores from Delhaize Group. “We carefully evaluated the market areas around each store and […]
Posted in, National, Suppliers
Jack’s Link’s To Buy Unilever Meat Snack Business
Jack Link’s plans to purchase Unilever’s meat snacks business, primarily sold under the BiFi brand (Germany, Benelux, Austria and Switzerland) and the Peperami brand (U.K. and Ireland). The sale is expected to close by the end of March. Terms of the deal, announced Friday, were not disclosed. The transaction, subject to customary closing conditions, also […]
Posted in, Independent Store News, West
Completion Of Arden Deal May Lead To Gelson’s Expansion
Arden Group, parent of Gelson’s Markets, an operator of 17 full-service specialty grocery stores in Southern California, has completed its previously announced acquisition by TPG, a leading global private investment firm. The merger agreement was approved by the company’s board of directors in December. Under the terms of the agreement, Arden Group’s shareholders will receive […]
Posted in, Corporate Store News, National
Safeway Confirms Talks About Possible Sale Of Company
Safeway said Wednesday afternoon that it is in discussions concerning a possible sale of the company. “Although the discussions are ongoing, the company has not reached an agreement on a transaction, and there can be no assurance that these discussions will lead to an agreement or a completed transaction,” the company said during a fourth […]
Posted in, Equipment & Technology, National
Kroger Acquires YOU Technology
The Kroger Co. has purchased the assets of YOU Technology Brand Services, the Silicon Valley-based leader in digital coupons and promotions. Founded in 2008, YOU Tech’s retailer-centric, cloud-based platform bridges the gap between online engagement and in-store purchases, creating a measurable way for many of the world’s largest retailers and brands to drive consumer purchase […]