Tops Friendly Markets, a leading full-service grocery retailer in upstate New York, northern Pennsylvania and western Vermont, said Thursday that the company has completed the acquisition of four Big M supermarkets. In March, Tops entered into an agreement with the Bonisteel family to acquire four Big Supermarkets located in Boonville, Watertown, Sandy Creek and Adams, […]
Tag: Acquisition
Posted in, National, Store News
Sweetbay, Harveys On The Sale Block?
Delhaize Group may be shopping two of its banners, according to published reports, which say the Belgian grocer—parent company of Food Lion—has hired Lazard Ltd. to sell Sweetbay and Harveys. Sweetbay, which has its corporate offices in Tampa, Fla., had 105 stores in the Sunshine State at the end of 2012. The chain closed 33 […]
Posted in, National, Suppliers
Bellisio Foods To Buy Overhill Farms For $81M
Bellisio Foods said last week that it is buying Overhill Farms, which makes frozen foods for Target Corp., Boston Market and other brands, for approximately $81 million in cash. The Minneapolis/St. Paul Business Journal reports that Overhill shareholders still must approve the deal. That is expected this summer. Terms of the deal were not announced. […]
Posted in, Midwest, Suppliers
Lifeway Foods Acquires Golden Guernsey Dairy Plant For $7.4M
Lifeway Foods Inc., a leading supplier of kefir cultured dairy products, has acquired the Golden Guernsey dairy plant in Waukesha, Wis., to provide additional manufacturing capacity for its growing kefir-based business. The $7.4 million acquisition will add a 70,000-s.f. plant to Lifeway’s existing 50,000-s.f. facility in Morton Grove, Ill., more than quadrupling the company’s production […]
Posted in, Suppliers, West
Inventure To Acquire Berry Processing Biz From Willamette Valley Fruit
Inventure Foods Inc., a leading specialty food marketer and manufacturer, has signed a non-binding letter of intent for the purchase of the berry processing business of Willamette Valley Fruit Co. LLC (WVFC), including building and ground leases. Terms were not disclosed, as the transaction remains subject to completion of due diligence, agreement on a definitive […]
Posted in, C-Store News, Southeast
7-Eleven Expands In South Carolina
7-Eleven Inc. has closed on the acquisition of 46 locations from CB Mart Inc. Terms of the deal were not disclosed. The acquisition increases 7-Eleven’s store count in the Carolinas to more than 100 and follows the acquisition of 55 Sam’s Mart and 13 Fast Track stores that closed in 2012. “7-Eleven is committed to […]
Posted in, Independent Store News, Midwest
Save-A-Lot Store In Lebanon, Ohio, Has New Owners
The Save-A-Lot store in Lebanon, Ohio, is under new ownership by Bill and Paul Price. The brothers also own Save-A-Lot stores in Middletown and Franklin. Additionally, Bill owns the Save-A-Lot in Fairborn and an IGA in Brookville. The brothers plan to retain all the former employees of the Lebanon store. “We are excited to take […]
Posted in, Marketing News, National
KCBS, Under New Ownership, Becomes BeaconUnited Cincinnati
Former KCBS CEO and owner Sarsgard has left the company Co-Sales Co. of Arizona and Carlin O’Brien of Illinois, along with John Rutherford and John Schipper of Cincinnati, have completed the acquisition of KCBS, a Cincinnati-based sales and marketing agency. “We are pleased to announce new ownership for KCBS, which will now be called BeaconUnited […]
Posted in, Albertsons, National
Supervalu Completes Sale Of Five Retail Grocery Banners
Supervalu this morning said that it has completed the sale of its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacies to AB Acquisition LLC, an affiliate of a Cerberus Capital Management L.P.-led investor consortium, in a stock deal valued at $3.3 billion, including $100 million in cash and […]
Posted in, National
Hostess Authorized To Complete $800M In Sales Transactions
Hostess Brands Inc. has obtained U.S. Bankruptcy Court approval to sell the majority of its snack cake business and the majority of its bread business in separate transactions totaling approximately $800 million in proceeds. “We embarked on the sales process with one overarching goal—to maximize value for all of the company’s stakeholders—and I am pleased […]
Posted in, National
United States Bakery Wins Remaining Hostess Bread Brands
Hostess Brands Inc. has selected United States Bakery’s approximately $30.9 million offer as the winning bid for the company’s Sweetheart, Eddy’s, Standish Farms and Grandma Emilie’s bread brands, four bakeries and 14 depots, plus certain equipment. The United States Bakery offer was selected as the highest and best bid at an auction Friday. The company […]
Posted in, National
Little Debbie Maker Wins Bid For Hostess’ Drake’s Brand
Hostess Brands Inc. said today that the stalking horse bid submitted by McKee Foods Corp. (maker of Little Debbie snack cakes) for the Drake’s snack cake brand will be the bid presented for approval to the U.S. Bankruptcy Court, as no other qualified bids were received for those assets. McKee has agreed to pay $27.5 […]
Posted in, National
Hostess Selects Winning Bid For Twinkies, Ho Hos, Ding Dongs, Others
Hostess Brands Inc. has announced that the stalking horse bid submitted by affiliates of Apollo Global Management LLC and Metropoulos & Co. for the majority of the company’s snack cake business, which includes both Hostess and Dolly Madison branded products, will be the bid presented for approval to the U.S. Bankruptcy Court as no other […]
Posted in, From My Point of View, National
Once Again…A Proud History Shared
There are very few times in life when you have the opportunity and privilege of being part of, and announcing, the merger of two enduring, respected publications who share a history like The Griffin Report and The Shelby Report. We are extremely pleased to share with you this great news here. As of March 1, […]
Posted in, National
Flowers Emerges Winning Bidder For Majority Of Hostess Bread Business
The stalking horse bid submitted by Flowers Foods Inc. for the majority of the assets related to Hostess Brands Inc.’s bread business, including the Butternut, Home Pride, Merita, Nature’s Pride and Wonder brands, will be the bid presented for approval to the U.S. Bankruptcy Court as no other qualified bids were received for those assets. […]
Posted in, C-Store News, National
7-Eleven Achieves Record Store Growth In 2012
Dallas, Texas-based 7-Eleven Inc. achieved record store growth in 2012 and expects the number of 7-Eleven stores worldwide to pass the 50,000-store mark by the end of the first quarter. Already the world’s largest retailer by store count, 7-Eleven added nearly 5,000 stores to its worldwide portfolio in 2012. “2012 was a tremendous year for […]
Posted in, National, West
Flowers Completes Acquisition Of Sara Lee, Earthgrains Assets In Calif.
Flowers Foods Inc. has completed its acquisition of the perpetual, exclusive and royalty-free licenses to the Sara Lee and Earthgrains brands for sliced breads, buns and rolls in the state of California from BBU Inc., a subsidiary of Grupo Bimbo S.A.B. de C.V. Financial terms of the transaction were not disclosed. In October 2012, Flowers […]
Posted in, Midwest, Perishables
Best Chicago Meat Co. Introduces David’s Kosher
Best Chicago Meat Co. LLC has acquired a new brand – David’s Kosher—whose products were introduced at the Dutch Farms Food Show in Chicago on Wednesday. “Months ago, we identified a need for another brand in the Kosher hot dog category,” said David L. Van Kampen, president and COO of Best Chicago Meat Co. “We […]
Posted in, Southeast, Store News
Report: Harris Teeter Weighing Sale Of Chain
Shares of Matthews, N.C.-based grocer Harris Teeter jumped 6.6 percent Tuesday after reports that the company is considering a sale and has retained J.P. Morgan Chase & Co. to explore its options, the Charlotte Observer reports. Harris Teeter operates 211 grocery stores, the majority of them in North Carolina. The company has been under increasing […]
Posted in, Independent Store News, Midwest
Niemann Foods To Acquire Four Hickman IGA Stores
Jim Hickman, president of Hickman’s IGA, and Rich Niemann Jr., president and CEO of Niemann Foods Inc. (NFI), an associate-owned company that operates under the County Market and several other retail banners, jointly announced Monday the signing of a purchase agreement for NFI to acquire four Hickman stores. The stores are located in Mexico, Vandalia, […]