Two well-known Southern California-based Hispanic retailers—Cardenas Markets and Northgate Gonzalez Markets—said this morning they have come together and reached an agreement with the U.S. Bankruptcy Court to purchase Phoenix, Ariz.-based Pro’s Ranch Markets, which has seven stores in Arizona, two in New Mexico and two in Texas, for $55 million. The two retailers recently formed […]
Tag: Acquisition
Posted in, Beverage News, National, Suppliers
Anheuser-Busch Acquiring Blue Point Brewing Co.
Anheuser-Busch has agreed to purchase Blue Point Brewing Co., one of the nation’s top craft brewers with more than 40 beers and sales concentrated along the East Coast, in a move that will bring additional resources to Blue Point’s operations, allowing it to meet growing consumer demand for its award-winning brands. Terms of the agreement […]
Posted in, Northeast, Suppliers
Uncle Charley’s Sausage Purchased By Pittsburgh Investors
Pittsburgh-based investors F.N.B. Capital Partners, along with a group of local investors, including Jim Rudolph and Len Caric, have acquired the region’s fastest growing meat processing company, Uncle Charley’s Sausage Co. The investors say they plan to increase funding to expand the business while keeping its unique brand value, leadership, Vandergrift, Pa.-based manufacturing facilities and […]
Posted in, National, Store News
Kroger Completes Merger With Harris Teeter
The Kroger Co. and Harris Teeter Supermarkets Inc. completed their merger on Tuesday. Under the terms of the merger agreement, Harris Teeter shareholders will receive $49.38 per share of Harris Teeter common stock. The deal is valued at approximately $2.5 billion. “We are pleased that our merger is complete and look forward to bringing together […]
Posted in, Independent Store News, Northeast
AG New England Acquires Bi-Wise Market, Will Operate As Sully’s
Bi-Wise Market of Allenstown, N.H., is selling its business to Associated Grocers of New England. “Bi-Wise Market has been in operation since August of 1966 and was founded by ‘Mighty’ Mike Genest and continues to be run by the Genest family,” says Mike Bourgoine, president and CEO of AG of New England. “Since that time, […]
Posted in, Corporate Store News, National
Kroger, Harris Teeter Deal To Close Sooner Than Expected
The Federal Trade Commission has granted early approval regarding The Kroger Co.’s acquisition of Harris Teeter Supermarkets Inc. The deal, valued at about $2.5 billion, is expected to close by the end of January. The original close date was scheduled for early February. Kroger and Harris Teeter in July announced the definitive merger agreement, which […]
Posted in, Beverage News, National, Suppliers
Reily Foods Buys New England Tea & Coffee Co.
Reily Foods Co. has acquired New England Tea & Coffee Co., one of the country’s largest independent coffee roasters. Terms of the transaction were not disclosed. This transaction is not expected to change the day-to-day operations of Malden, Mass.-based New England Tea & Coffee, which will operate as New England Tea & Coffee Co. LLC, […]
Posted in, Corporate Store News, West
Gelson’s Parent To Sell To TPG Investment Firm For $394M
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 […]
Posted in, Albertsons, Midwest, Store News
Safeway Announces Sale Of 11 Dominick’s Stores
Safeway Inc. has reached a definitive agreement to sell 11 of its Dominick’s stores in the Chicago metropolitan area in a cash and lease assumption transaction to Roundy’s Inc. Roundy’s will take possession of the stores during a transition period that will take place over the next two months. The transaction is subject to customary […]
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, National
Progressive/Mission Asparagus Deal Creates Year-Round Program
Progressive Produce’s recent acquisition of Mission Asparagus has propelled the grower into the elite of asparagus suppliers, according to the company. Already growing thousands of acres in Mexico, Peru, California and Washington State, some in partnership with Keystone Fruit Marketing, Greencastle, Pa., Progressive’s increased Mexico and California acreage has solidified its year-round availability. “This year-round […]
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, Southeast, Store News
Sweetbay Plans 346 Job Cuts Ahead Of Acquisition
Sweetbay Supermarket plans to eliminate 346 jobs, according to a Worker Adjustment and Retraining Notice issued to the Florida Department of Economic Opportunity. The Tampa Bay Business Journal reports that most of the affected positions are out of the Plant City distribution center owned by Sweetbay. Bi-Lo Holdings LLC entered into an agreement earlier in […]
Posted in, National, Suppliers
Murdock Completes Acquisition Of Dole Food Co.
David H. Murdock, Dole’s chairman and CEO, has completed his acquisition of Dole Food Co. Inc. The $13.50-per-share purchase price represents a total valuation of Dole at more than $1.6 billion, including net debt, fees and expenses. The going-private merger agreement was approved on Oct. 31 during a special meeting of the Dole stockholders. Dole’s […]
Posted in, Albertsons, National, Store News
Safeway Reportedly Considering Strategic Options
Pleasanton, Calif.-based Safeway Inc. reportedly is considering its strategic options, with Cerberus and other private equity firms “exploring a deal for all or part” of the company, according to Reuters. A Cerberus affiliate, AB Acquisition LLC, bought Albertsons, Jewel-Osco and several other chains from Supervalu earlier this year. New Albertsons Inc., which now operates Jewel-Osco […]
Posted in, National
Advantage To Acquire Tri-Venture Marketing
Advantage Sales & Marketing LLC (ASM) today revealed its plans to acquire Tri-Venture Marketing Inc., “The Perishable Connection,” on Wednesday. Lakeland, Fla.-based Tri-Venture is a food brokerage company focused on meat, deli, bakery, produce, cheese, seafood and frozen clients and customers. Terms of the transaction were not disclosed. “Tri-Venture has delivered best-in-class service to the […]
Posted in, Southeast, Store News
Bi-Lo Holdings To Rebanner Sweetbay, Reid’s Stores; Harveys To Continue
Bi-Lo Holdings LLC, parent company of the Bi-Lo and Winn-Dixie supermarket chains, intends to continue the Harveys banner name and retire the Sweetbay and Reid’s banners following the close of its transaction with Delhaize Group, parent company of the Sweetbay, Harveys and Reid’s supermarket chains. Sweetbay stores are expected to be converted to the Winn-Dixie […]
Posted in, Independent Store News, Shelby Signature Content, Southeast
How AWG Formed The Consortium That Landed Belle Foods
by Kristen Cloud/staff writer How did Associated Wholesale Grocers (AWG) manage to put together the consortium that will buy 43 Belle Foods stores across three states? David Smith, SVP and Gulf Coast Division manager for AWG, says it’s due to the determination of the co-op’s members. Birmingham, Ala.-based Belle Foods filed for bankruptcy July 1. […]
Posted in, National, Suppliers
Smithfield Shareholders Approve Merger With Shuanghui International
Smithfield Foods Inc.’s shareholders have voted overwhelmingly to approve the proposed strategic combination with Hong Kong-based Shuanghui International Holdings Ltd., according to the company. At a special meeting of Smithfield shareholders held Tuesday, more than 96 percent of the votes cast were in favor of the transaction, which represents approximately 76 percent of Smithfield’s total […]
Posted in, Albertsons, Southwest, Store News
Correction: Albertson’s Fort Worth Transaction Not A Sale
A story that The Shelby Report recently picked up from the Star-Telegram newspaper regarding Albertson’s LLC was incorrect. Albertson’s recently replatted property it owned in the Carter Industrial Park in south Fort Worth. The Telegram story picked up by The Shelby Report incorrectly characterized the transaction as a sale. The Shelby Report apologizes for any […]