The Kroger Co. has closed on its purchase of 11 former Marsh stores and plans to spend $20 million to renovate and reopen seven of them, the Indianapolis Business Journal reports. Cincinnati-based Kroger Co. and Fresh Encounter Inc., another Ohio-based grocer, in June agreed to buy 26 of Marsh Supermarkets’ 44 stores. Indianapolis-based Marsh Supermarkets filed […]
Tag: Acquisition
Posted inGrocery News, Bakery News, Center Store, Food Service News, Home Page Latest News, Private Label Brands, Southwest, Suppliers
Teasdale Latin Foods Grows Reach With Rudy’s Tortillas Acquisition
Teasdale Latin Foods has acquired Rudy’s Tortillas to enhance its position in the Hispanic foods category, especially in the bakery and foodservice arenas. Teasdale provides private label and branded Hispanic foods to the retail, foodservice and wholesale channels nationally. It is majority owned by private equity firm Snow Phipps Group. Rudy’s, which was founded in […]
Posted inC-Store News, Home Page Latest News, Industry News, Southwest
Alta Purchases Six Loco Convenience Stores
Western Alta Holdings Co., led by General Partner Phil Zaccaria, has acquired six convenience stores in a joint venture with Loco Inc. The Loco Convenience stores are located in Grand Junction, Fruita and Glenwood Springs, Colorado. Alta Convenience took over operations of the stores March 1. Terms of the transaction, which was announced on July 1, were […]
Posted inNortheast
Alimentation Couche-Tard Now Owns Nice N Easy Grocery Shoppes
With its purchase of CST Brands, Alimentation Couche-Tard now owns Nice N Easy Grocery Shoppes of New York. With the CST purchase, Couche-Tard, which also owns Circle K stores, adds nearly 1,300 units to its store network in the U.S. and Canada. In addition to Nice N Easy, CST’s other brands included Corner Stone as well […]
Posted inC-Store News, Executive News, Home Page Latest News, Industry News, Southwest, Women In The News
Lubel Departs CST Brands As Couche-Tard Deal Finalized
Alimentation Couche-Tard finalized its $4.4 billion merger with San Antonio, Texas-based CST Brands on June 28, the same day CST Brands Chairman, President & CEO Kim Lubel confirmed her departure from the company. “Today I say goodbye to the great CST team members that make CST strong. How lucky I am to have something that […]
Posted inCorporate Store News, Home Page Latest News, Industry News, National
New Agreement Calls For Walgreens To Buy Half Of Rite Aid’s Stores
Walgreens Boots Alliance (WBA) is expected to purchase about half of Rite Aid’s stores as part of a new merger agreement announced Thursday. The proposed deal will give Walgreens 2,186 Rite Aid units for approximately $5.2 billion vs. Rite Aid’s full store fleet of nearly 4,600 that Walgreens said it intended to purchase in an original agreement announced in October 2015. […]
Posted inGuest Contributors, Amazon Fresh, Home Page Latest News, National, Shelby Content, Shelby Signature Content, Whole Foods
Harry Blazer: Reflections On The Proposed Whole Foods Purchase By Amazon
Harry Blazer founded Harry’s Farmers Market in the Atlanta area in 1987, opening in Alpharetta. Two others later opened in metro counties Cobb and Gwinnett. Whole Food Market purchased the three Harry’s megastores in October 2001 as well as a distribution center, commissary kitchen, bakehouse and office facilities. Today, Blazer is a consultant ([email protected]). Here […]
Posted inNortheast
Sovos Brands Acquiring Rao’s Specialty Foods
Sovos Brands, a new California food and beverage company, plans to buy Rao’s Specialty Foods, producer of pasta sauce brand Rao’s Homemade. Rao’s Specialty Foods will mark the second acquisition in less than six months for Sovos. In January, the company purchased Michael Angelo’s Gourmet Foods, a producer of frozen Italian entrées. “Rao’s Specialty Foods is […]
Posted inIndependent Store News, Home Page Latest News, Industry News, Southwest
Pruett’s Food Opening Four New Stores In Oklahoma
Pruett’s Food will open grocery stores in Ada, Durant, Holdenville and McAlester, Oklahoma. The additions bring the company’s total store count to 10, with locations in Oklahoma, Arkansas and Texas. “We’re very excited to be opening stores in these towns,” said Ray Pruett, owner and president. “We’re really looking forward to serving the communities and […]
Posted inCorporate Store News, Albertsons, Health & Wellness, Home Page Latest News, Industry News, National, Nonfood Items
Albertsons Cos. Acquires MedCart Specialty Pharmacy
Albertsons Cos. has acquired MedCart Specialty Pharmacy in order to, the supermarket chain says, strengthen and extend its pharmacy specialty services. MedCart Specialty Pharmacy is an URAC-accredited pharmaceutical and healthcare provider of customized specialty care services and medication management for patients and physicians addressing complex diseases. “MedCart Specialty Pharmacy has built an exemplary operation, which complements […]
Posted inIndependent Store News, Home Page Latest News, Industry News, Midwest
Festival Foods To Purchase Two Pierce’s Marketplace Stores In Wisconsin
Festival Foods plans to purchase two Pierce’s Marketplace stores in Baraboo and Portage, Wisconsin, from Angie and Dave Pierce. The Pierce family operates a third Pierce’s Market in Muscoda. Festival Foods, which operates 26 other locations across the state, expects to begin operations June 20 under the Festival Foods banner. Mark Skogen, president and CEO […]
Posted inStore News, Albertsons, Corporate Store News, Home Page Latest News, Industry News, National
Reports: Albertsons Considering Whole Foods Market Buy
Albertsons Cos. is reportedly exploring buying Whole Foods Market, according to a report from the Financial Times. Citing the Financial Times and its sources, Business Insider reports that the private equity funds that own Albertsons, including Cerberus Capital Management, “have held talks with bankers regarding a takeover of Whole Foods.” Earlier this month, it was announced […]
Posted inC-Store News, Home Page Latest News, National
Pending Acquisition By 7-Eleven Will Mark One Of Largest In Company History, Entry Into Houston
7-Eleven Inc. has entered into an asset purchase agreement with Sunoco and will acquire approximately 1,108 convenience stores located in 18 states. “This acquisition supports our growth strategy in key geographic areas, including Florida, Mid-Atlantic states, Northeast states and Central Texas,” said Joe DePinto, president and CEO of Irving, Texas-based 7-Eleven. “It also provides (us) […]
Posted inDairy News, Home Page Latest News, Northeast
Land O’Lakes Acquires Vermont Creamery
Vermont Creamery has been purchased by Land O’Lakes Inc., a farmer-owned co-op based in Arden Hills, Minnesota. Vermont Creamery will become an independently operated subsidiary of Land O’Lakes and will continue to produce its fresh and aged goat cheeses, cultured butter and fresh dairy at the creamery in Websterville, Vermont. The terms of the transaction were […]
Posted inStore News, Albertsons, Corporate Store News, Home Page Latest News, National
Albertsons, Sprouts Reportedly In Merger Talks
According to a Bloomberg report Sunday, Albertsons Cos. is in preliminary discussions to merge with organic grocer Sprouts Farmers Market. The report cites “people with knowledge of the matter.” Representatives of the companies have not commented. A deal would take Phoenix, Arizona-based Sprouts private. Albertsons, backed by Cerberus Capital Management, is among the largest grocery […]
Posted inMidwest, Home Page Latest News, Independent Store News, Industry News, Store News
Remke Markets Sold, Fresh Encounter To Manage
Fresh Encounter will take over management of Remke Markets Inc., which is being acquired by Generative Growth. Both Fresh Encounter and Generative Growth are based in Findlay, Ohio. Generative Growth is a wholly owned corporation whose members include third-generation grocers Michael S. Needler Jr. and Julie Needler Anderson. Headquartered in Erlanger, Kentucky, Remke operates stores in […]
Posted inCorporate Store News, Deli News, Home Page Latest News, Industry News, Midwest, Perishables, Produce News, Store News, Suppliers, Supply Chain News, Wholesaler/Distributor News
SpartanNash Sales Increases Benefit From Holiday Shift
SpartanNash said Wednesday that business gains and the timing of the New Year holiday resulted in fourth quarter sales growing to $1.83 billion from $1.77 billion a year ago. Net sales for the food distribution segment increased to $838.6 million from $773.7 million in the same quarter a year ago. The Grand Rapids, Michigan-based company said the gains […]
Posted in, Corporate Store News, Deli News, Home Page Latest News, National
Kroger Buys Murray’s Cheese, Including NYC Flagship Shop
The Kroger Co. has purchased Murray’s Cheese, as well as its flagship location on Bleecker Street in New York City. Financial terms of the deal were not disclosed. “For cheese lovers and connoisseurs, it doesn’t get more authentic than Murray’s,” said Rodney McMullen, Kroger’s chairman and CEO. “Our customers are excited to buy the unique […]
Posted inCorporate Store News, Home Page Latest News, National, Store News
As Merger Agreement Is Extended, Walgreens Must Divest More Stores In Order To Acquire Rite Aid
Walgreens Boots Alliance and Rite Aid Corp. on Monday have extended their previously announced definitive merger agreement under which Walgreens Boots Alliance will acquire Rite Aid. The agreement extends the time period in which the companies can obtain regulatory approval to merge from Jan. 27 to July 31, 2017. Under the terms of the amendment, […]
Posted inNortheast
Equity Firms Purchase Native Maine Produce & Specialty Foods
RLJ Equity Partners and SJ Partners have acquired majority control of Native Maine Produce & Specialty Foods of Westbrook, Maine. “We are thrilled to welcome SJ Partners and RLJ to the Native Maine family. We have had a multi-year relationship with SJ Partners and believe their industry knowledge and previous growth by acquisition success are a […]