Bain Capital Private Equity has acquired a majority stake in Daymon Worldwide. Established in 1970 with a heritage deeply rooted in private brands, Daymon has evolved over its 46-year history to become a major retail service provider. Daymon’s expertise ranges from private brand development to strategy and branding, sourcing and logistics, retail merchandising services and […]
Tag: Acquisition
Posted inNortheast
Two Deals Shake Up Tobacco Industry
In two major developments this week, British American Tobacco (BAT) and Reynolds American Inc. agreed to merge, while the Altria Group agreed to purchase Nat Sherman. BAT will acquire the remaining 57.8 percent of Reynolds it does not already own. “Our combination with Reynolds will benefit from utilizing the best talent from both organizations. It will […]
Posted inNortheast
Dover Fueling Solutions Completes Purchase Of Wayne Fueling Systems
Dover Fueling Solutions has completed its purchase of Wayne Fueling Systems, a global provider of fuel dispensing, payment, automation and control technologies for retail and commercial fuel stations. The Wayne acquisition is Dover’s fourth purchase in the retail and commercial fueling space in 2016. Dover is now combining these companies into a new business called […]
Posted inNortheast
Snyder’s-Lance Divests Diamond Of California Culinary Nut Business
Snyder’s-Lance Inc. plans to sell its Diamond of California culinary nut business to Blue Road Capital. “This strategic transaction will allow us to concentrate on our core business of providing our consumers and retail partners with our premium portfolio of snack brands focused on better ingredients, quality and taste,” said Carl E. Lee Jr., president […]
Posted in, Corporate Store News, Home Page Latest News, Industry News, National, Store News, Wholesaler/Distributor News
Supervalu Completes Sale Of Save-A-Lot
Supervalu on Monday said that it has finalized the sale of its Save-A-Lot business to an affiliate of Onex Corp. for $1.365 billion in cash, subject to customary closing adjustments. With the sale of Save-A-Lot, Supervalu said it is now a more focused company. In connection with the closing of the sale, Supervalu and Save-A-Lot […]
Posted inNortheast
McCormick Buying Italian Flavor Manufacturer
McCormick & Co. of Sparks, Maryland, will acquire Enrico Giotti SpA, a major Italian flavor manufacturer located in Florence, Italy. Giotti is known in the industry for its innovative beverage, sweet, savory and dairy flavor applications. Annual sales are nearly $56 million. McCormick officials say the acquisition expands the breadth of value-added products for its industrial […]
Posted inProduce News, Deli News, Home Page Latest News, Industry News, Midwest, Perishables, Suppliers, Supply Chain News, Wholesaler/Distributor News
SpartanNash Grows Produce Capabilities With Caito Buy
SpartanNash is acquiring Caito Foods Service and Blue Ribbon Transport (BRT) for approximately $217.5 million in cash. SpartanNash will acquire Caito’s produce distribution business, fresh cut fruits and vegetables business, its newly constructed Fresh Kitchen facility and the logistics business of BRT. SpartanNash said the acquisitions will enhance its product offerings by expanding into the fast-growing freshly prepared […]
Posted inWest, Albertsons, Corporate Store News, Home Page Latest News, Independent Store News, Industry News, Store News
NorCal’s G&G Supermarkets To Become Safeway After Deal Closes
G&G Supermarkets, with one store in Santa Rosa and another in Petaluma, California, is being acquired by Safeway, an Albertsons company. In a statement Thursday, G&G said it had shared the news about the “new chapter in the company’s history” with employees, which will become part of the Safeway family. “G&G has been proud to […]
Posted in, Home Page Latest News, Independent Store News, Midwest, Store News, Wholesaler/Distributor News
AWG Wraps Merger With Affiliated Foods Midwest
Associated Wholesale Grocers (AWG) has completed its merger with Affiliated Foods Midwest (AFM). With its first shipments to stores out of its newest divisions in Norfolk, Nebraska, and Kenosha, Wisconsin, on Oct. 23, the combined cooperative will operate singularly as AWG with more than 1,000 independent members. This combination of retailers makes AWG the largest […]
Posted in, Northeast
Nouria Energy Acquires F.L. Roberts C-Stores And Car Washes
Through affiliated companies, Nouria Energy Corp. of Worcester, Massachusetts, has completed the purchase of convenience store and car wash locations from F.L. Roberts & Co. in Springfield, Massachusetts. The deal includes 26 convenience store locations with fuel, including two truck stops and 22 Golden Nozzle car wash locations, as well as a diner. The transaction brings the number of Nouria […]
Posted in, Home Page Latest News, Independent Store News, Southwest, Store News
Fiesta Mart Continues Reinvigoration With Five DFW Reopenings This Month
Fiesta Mart is continuing on its path to reinvigoration with five Dallas/Fort Worth stores celebrating grand reopenings this month. The first Minyard store to officially transition to Fiesta opened last week at Lake June Road in Dallas; two additional, previously acquired Minyard stores and two remodeled Fiesta stores also will host grand reopenings this month. […]
Posted in, Northeast
Hannaford Launches 10 EV Charging Stations, And More…
Grocery News In Brief… Hannaford Supermarkets has launched 10 fast-charging electric vehicle stations at stores in Maine and in Greater Albany, New York. The five Maine locations are the first major retail sites in the state to offer electric vehicle owners the chance to charge up their cars while they shop. The Maine locations are […]
Posted in, Corporate Store News, Home Page Latest News, National, Store News, Wholesaler/Distributor News
Supervalu Selling Save-A-Lot Biz For $1.365B
Supervalu has entered into a definitive agreement whereby an affiliate of Onex Corp. will acquire Supervalu’s Save-A-Lot business for $1.365 billion in cash, subject to customary closing adjustments. In connection with the sale, Supervalu and Save-A-Lot will enter into a five-year professional services agreement. The sale of Save-A-Lot is expected to be completed by Jan. […]
Posted in, Amazon Fresh, Northeast, Whole Foods
Amazon Considers Opening C-Stores And Drive-Thru Grocery Sites, And More…
Convenience Store News In Brief… Amazon is exploring opening convenience stores and drive-thru grocery pickup sites. The Seattle-based company is looking at building small brick-and-mortar stores and curbside pickup locations for perishable items and grocery products… The New Jersey Legislature has passed a 23-cent gasoline tax hike, sending the measure to Gov. Chris Christie for […]
Posted in, Northeast
7-Eleven Parent Plans To Expand Acquisitions In Next Few Years, And More…
Convenience Store News In Brief… Seven & i Holdings Co., the parent of 7-Eleven, plans to expand its convenience store business in North America and seek more acquisition opportunities. “We will speed up expansion in North America by accelerating acquisitions,” said Ryuichi Isaka, president of Tokyo-based Seven & i. As part of Seven & i’s […]
Posted in, Northeast
B&G Buys Spice Business From ACH Food Cos.
B&G Foods of Parsippany, New Jersey, plans to buy the spice and seasonings business of ACH Food Cos., a supplier of spices and seasonings to retail and foodservice customers, for nearly $365 million in cash. The ACH spice and seasonings business includes the Spice Islands, Tone’s and Durkee brands. The business also includes Weber brand […]
Posted in, Northeast
Drug Stores Expect To Divest More Than 500 Stores To Complete Merger
Walgreens Boots Alliance, parent company of Walgreens, says it remains actively engaged with the Federal Trade Commission regarding its review of the pending acquisition of Rite Aid. Walgreens Boots Alliance now expects that the most likely outcome will be that both companies will be required to divest more than 500 stores but fewer than 1,000. In […]
Posted in, Northeast
Big Y’s Final Hannaford Store Conversions Nearly Complete, And More…
Grocery News In Brief… The second group of four Hannaford stores being converted to Big Y will open Friday, Sept. 16. The stores are in Quincy, Norwell, Saugus and West Peabody, Massachusetts. Store teams are making minor renovations, cleaning, painting, rebranding and upgrading equipment. In addition, fresh fruits and vegetables, meat, seafood, dairy, deli, prepared […]
Posted in, Northeast
Jimmy John’s Sells Majority Stake To Roark Capital, And More…
Foodservice News In Brief… Jimmy John’s Sandwiches says that an affiliate of Roark Capital Group, an Atlanta-based private equity firm that focuses on franchise and consumer brands, has signed a definitive agreement to acquire a majority interest in the company. Jimmy John’s has more than 2,500 locations and $2 billion in system-wide sales. Founded in […]
Posted in, Northeast
Snyder’s-Lance Buys Remaining Interest In Metcalfe’s Skinny Ltd., And More…
Convenience Store News In Brief… Snyder’s-Lance’s Kettle Foods subsidiary has completed the acquisition of Metcalfe’s skinny Ltd., maker of a premium popcorn brand sold in the U.K. Kettle Foods initially acquired a 26 percent stake in the business from Metcalfe in January. Metcalfe was founded in 2009 by Julian Metcalfe, the co-founder of Pret A […]