The grocery news out of the Carolinas keeps on coming. Publix Super Markets Inc. and Bi-Lo Holdings, parent company of the Bi-Lo and Winn-Dixie grocery store chains, this morning said they have entered into an agreement under which Publix is expected to purchase seven Bi-Lo-branded stores in North and South Carolina. The transaction is projected […]
Tag: Acquisition
Posted in, Southeast, Store News
Piggly Wiggly Carolina To Sell 29 Stores To Bi-Lo Holdings, Harris Teeter
Piggly Wiggly Carolina Co. has entered into definitive agreements with Bi-Lo Holdings and Harris Teeter Supermarkets to sell 29 of its stores. Bi-Lo Holdings plans to purchase 22 stores in South Carolina and coastal Georgia. Harris Teeter expects to purchase seven South Carolina stores, one of which is under construction. Financial terms of the transactions […]
Posted in, Store News, West
Fresh & Easy Finds A Buyer
Tesco said today that it has agreed to sale the substantive part of Fresh & Easy’s operating business to YFE Holdings Inc., an affiliate of Los Angeles-based investment firm Yucaipa Cos. LLC. As part of an orderly restructuring process, Yucaipa will acquire more than 150 stores as well as Fresh & Easy’s Riverside distribution and […]
Posted in, Albertsons, National, Store News
Albertson’s LLC To Acquire United Supermarkets
Albertson’s LLC announced late Monday afternoon that it intends to acquire United Supermarkets LLC (The United Family), based in Lubbock, Texas. United operates 50 retail stores under three banners: United Supermarkets, Market Street and Amigos. Additionally, its United Express brand has seven convenience stores and 26 fuel centers. United operates two divisions: RC Taylor, which distributes tobacco, […]
Posted in, National, Suppliers
Hillshire Brands Co. To Acquire Golden Island Jerky Brand
The Hillshire Brands Co. has signed an agreement to acquire the maker of Golden Island gourmet jerky products, which allows the company to gain entry into a lucrative product category. Terms were not disclosed, and the transaction is expected to close by the end of September, pending closing conditions. “We are excited to add Golden […]
Posted in, National
Jarden To Acquire Yankee Candle For $1.75B
Jarden Corp., a leading global consumer products company, has entered into a definitive purchase agreement to acquire Yankee Candle Investments LLC, a leading specialty-branded premium scented candle company in the U.S., from a fund managed by Madison Dearborn Partners LLC, a private equity firm, for approximately $1.75 billion in cash, subject to working capital and […]
Posted in, National, Store News
Harris Teeter Shareholders To Vote On Kroger Acquisition Oct. 3
Harris Teeter Supermarkets Inc. has scheduled a special shareholder meeting for 10 a.m. Oct. 3 related to its proposed merger with The Kroger Co., the Charlotte Business Journal reports. In July, Cincinnati-based Kroger announced its intentions to acquire Harris Teeter for approximately $2.5 billion, including assumption of $100 million in debt. The all-cash transaction is […]
Posted in, National, Suppliers
J.M. Smucker Co. Acquires Enray, Maker of TruRoots Products
The J.M. Smucker Co. has completed an acquisition of Enray Inc., a privately held company headquartered in Livermore, Calif. Enray is a leading manufacturer and marketer of premium organic, gluten-free ancient grain products, including sprouted and non-sprouted grains, pasta and cookies, which are primarily sold under its flagship brand, truRoots. Enray generated net sales of more […]
Posted in, National
Dole Agrees To Be Taken Private
Company valued at $1.2B based on offer Dole Food Co. Inc. has agreed to be taken private by 90-year-old Chairman and CEO David Murdock after he raised his offer to $13.50 per share, Reuters reports. Murdock, who is Dole’s largest shareholder with a stake of about 40 percent, made an offer in June to buy […]
Posted in, National, Suppliers
Pinnacle Foods To Acquire Wish-Bone Salad Dressings
Pinnacle Foods has entered into a definitive agreement to acquire the Wish-Bone salad dressings business from Unilever PLC for $580 million, in a transaction that is expected to be immediately accretive to Pinnacle. The acquisition, which is subject to customary closing conditions, is expected to be completed in the late third quarter or early fourth quarter […]
Posted in, Beverage News, National, Suppliers
Post Holdings To Buy Premier Nutrition Corp. For $180M
Post Holdings Inc., a leading manufacturer, marketer and distributor of branded ready-to-eat cereals, has signed a definitive agreement to acquire Premier Nutrition Corp. (PNC). PNC is a growing marketer and distributor of premium protein beverages and foods under its Premier Protein brand and nutritional supplements under its Joint Juice brand. This acquisition provides Post a […]
Posted in, National
Alco Stores To Be Acquired By Argonne Capital Group
Alco Stores Inc., a general merchandise retailer specializing in providing a superior selection of essential products for everyday life in small-town America, and Argonne Capital Group LLC, a private investment firm based in Atlanta, have entered into a definitive merger agreement. Under the terms of the merger agreement, Argonne will acquire all of the outstanding […]
Posted in, National, Southeast
Belle Foods To Sell Remaining 44 Stores As Part Of Agreement With C&S
Belle Foods LLC and C&S Wholesale Grocers Inc. have reached an agreement for debtor-in-possession (DIP) financing to be extended by C&S to Belle, a move that has been approved by U.S. Bankruptcy Court for the Northern District of Alabama. As part of the DIP financing arrangement, Belle agreed to the motion filed with the court […]
Posted in, Independent Store News, Southeast
Belle Foods Plans To Sell 12 Stores
In addition to the 13 stores it already has received court approval to close, Belle Foods LLC is now seeking permission to sell 12 stores following its bankruptcy filing earlier this month. As part of its restructure, the Birmingham, Ala.-based grocery chain plans to sell 10 Alabama stores—mostly in the Mobile area—and two Mississippi stores. […]
Posted in, National
Teeter Shoppers Take To Social Media To Vent Frustration Over Kroger Deal
Social media outlets are abuzz with commentary about the announcement made Tuesday that The Kroger Co. plans to purchase Harris Teeter Supermarkets for approximately $2.5 billion. All the chatter, much of it negative, even led Harris Teeter President and COO Fred Morganthall to issue a message of reassurance to the company’s customers. “While details are still […]
Posted in, National, Suppliers
Flowers Receives Approval To Acquire Hostess Bread Brands, Bakeries
Flowers Foods Inc. confirms that it has received regulatory approval pursuant to the Hart-Scott-Rodino Act to acquire the Wonder, Nature’s Pride, Merita, Home Pride and Butternut bread brands; 20 bakeries; and 36 depots from Old HB Inc., formerly known as Hostess Brands. Thomasville, Ga.-based Flowers expects to complete the transaction in the coming weeks. In […]
Posted in, National
Report: Cerberus Makes Bid For Harris Teeter
Cerberus Capital Management reportedly has made a bid for Matthews, N.C.-based Harris Teeter Supermarkets Inc. The Wall Street Journal, citing a person familiar with the situation, reports that the New York private-equity firm, which recently purchased several chains from Supervalu, has not yet decided whether to acquire Harris Teeter as a whole or to buy […]
Posted in, National
TreeHouse To Acquire Cains Foods For $35M
TreeHouse Foods Inc. has entered into a definitive agreement to acquire Cains Foods, a privately owned Ayer, Mass.-based manufacturer of shelf-stable mayonnaise, dressings and sauces with approximately $80 million in annual revenue. The Cains’ product portfolio offers retail and foodservice customers an array of packaging sizes, sold under both private label store brands and the […]
Posted in, National, Suppliers
Report: Del Monte Foods Considers Sale Of Iconic Canned Food
Del Monte Foods is considering the sale of its ubiquitous but slow-growing canned-food business, the Wall Street Journal reports. The San Francisco-based company would focus on its profitable pet food business, which includes Milk-Bone and Kibble ‘n Bits, 9Lives and Meow Mix, according to the San Francisco Business Times. Del Monte added to its offerings […]
Posted in, National, Southwest, Supply Chain News
United Brings Distribution Ops In House By Acquiring Llano Logistics
United Supermarkets has acquired Llano Logistics Inc., which has operated United’s two distribution centers in Lubbock and Roanoke since their opening. The deal closed May 31 and means Llano, which had been owned by Exel Inc., a subsidiary of Deutsche Post DHL, is now owned by United, and the approximately 300 Llano employees are now […]