Global Partners of Waltham, Massachusetts, has completed the previously announced sale of 30 “non-strategic” gas stations and convenience stores in New York and Pennsylvania to Mirabito Holdings for nearly $40 million. The transaction includes long-term supply contracts for branded and unbranded gasoline and other petroleum products. According to Global Partners, $28 million of the proceeds […]
Tag: Acquisition
Posted in, C-Store News, Home Page Latest News, Southeast
Couche-Tard Buying 53 Sites In Louisiana
Just off its announcement that it planned to merge with CST Brands, Alimentation Couche-Tard Inc. has signed, through its wholly-owned indirect subsidiary Circle K Stores Inc., an agreement to purchase 53 sites held by American General Investments and North American Financial Group (together, “Cracker Barrel”). These sites are located primarily in the Baton Rouge market […]
Posted in, Home Page Latest News, Independent Store News, West
Day’s Market In Heber City, Utah, To Become Lee’s Marketplace
Lee’s Marketplace is expanding to Heber City, Utah. The locally owned grocer plans to purchase Day’s Market in Heber City and transition the store to a Lee’s Marketplace. The sale is expected to be finalized on Sept. 26. “We are excited to bring Lee’s to the Heber community and are looking forward to getting to […]
Posted in, Northeast
Couche-Tard Announces Merger With CST Brands
Alimentation Couche-Tard in Laval, Quebec, announced on Aug. 22 a merger agreement with CST Brands, under which Couche-Tard would acquire CST in an all-cash transaction valued at $4.4 billion, including net debt assumed. CST is based in San Antonio, Texas, and employs more than 14,000 people at 2,000-plus locations throughout the southwestern United States with […]
Posted in, Northeast
Cott Corp. To Acquire S&D Coffee, And More…
Grocery News In Brief… Cott Corp. plans to acquire S&D Coffee, a premium coffee roaster and provider of customized coffee, tea and extract solutions to the foodservice, convenience, gas, hospitality and office segments in the U.S. Cott CEO Jerry Fowden said, “The S&D acquisition is another great step in our stated strategy to enhance our […]
Posted in, Northeast
Walmart Buying Jet.com For $3 Billion, And More…
New Channels News In Brief… Walmart will buy e-commerce company Jet.com for approximately $3 billion in cash, a portion of which will be paid over time. Additionally, $300 million of Walmart shares will be paid over time as part of the transaction. The acquisition will build on and complement the significant foundation already in place […]
Posted in, Corporate Store News, Home Page Latest News, National, Online Grocery Technology
Walmart Buying Jet.com For $3 Billion
Walmart said today that it will buy e-commerce company Jet.com for approximately $3 billion in cash, a portion of which will be paid over time. Additionally, $300 million of Walmart shares will be paid over time as part of the transaction. The acquisition will build on and complement the significant foundation already in place to […]
Posted in, Northeast
Dollar General Buys Walmart Express Stores, And More…
New Channels News In Brief… Dollar General has picked up 41 Walmart Express locations across 11 states in the South and Midwest. According to the company, the locations will feature an updated layout with expanded offerings like fresh meat and produce. Dollar General also intends to operate the fueling stations in 37 of the former Walmart […]
Posted in, Corporate Store News, Home Page Latest News, Southeast
Dollar General Completes Buy Of 41 Walmart Express Locations
Dollar General said July 27 that it had completed its purchase of 41 former Walmart Express locations in 11 states. Goodlettsville, Tennessee-based Dollar General anticipates relocating 40 existing Dollar Generals into the purchased sites by October 2016 and entering one new market—Coal Hill, Arkansas—as part of the purchase. Terms of the transaction were not disclosed. […]
Posted in, Corporate Store News, Independent Store News, Industry News, Northeast
Weis, Big Y, Tops, Saubel’s Market All Involved In Ahold-Delhaize Divestiture Plans
Several Northeast retailers are set to gain stores as a result of the proposed divestiture between Ahold and the Delhaize Group. Last week, the two European-based super-retailers reached agreements with buyers to divest a total of 86 U.S. stores in areas where both companies operate stores. The deals are being made in connection with the […]
Posted in, Home Page Latest News, Industry News, Southwest
Fiesta Mart Acquiring All Minyard Food Stores
Houston-based Fiesta Mart said today that it is acquiring all nine of the remaining Minyard Food Stores and two Sun Fresh Markets affiliated with Minyard in the Dallas-Fort Worth Metroplex from RLS Supermarkets. Fiesta is a specialty grocery retailer known for its international offerings that cater to the diverse communities served by their stores. With […]
Posted in, Deli News, Nonfood Items, Northeast
Butler Home Products Buys Clean Ones Glove Co., And More…
New Channels News In Brief… Butler Home Products in Hudson, Massachusetts, has purchased Clean Ones Corp., a Portland, Oregon-based household glove company with more than 30 years in the market and nearly 2 billion gloves sold each year. Butler Home Products is a consumer cleaning company, selling cleaning tools (the company’s largest business segment), lint […]
Posted in, Northeast
Sunoco Completes Acquisition of New York-Based C-Store, And More…
C-Store News In Brief… Sunoco LP has completed the purchase of the retail convenience store business serving the Upstate New York market from Valentine Stores Inc. This acquisition includes 18 company-operated locations, which sell approximately 20 million gallons of fuel annually, and one standalone Tim Horton’s restaurant. As part of the transaction, Sunoco’s subsidiary acquired […]
Posted inHarps Food Stores, Grocery Store Equipment, Home Page Latest News, Independent Store News, Industry News, Southwest
Harps Details Plans For Acquired Walmarts, Holds Job Fairs
Springdale, Arkansas-based Harps Food Stores has released more details on changes the employee-owned chain will make to nine Walmart Express properties it acquired in June, including opening dates, which stores will close and when job fairs will be held to staff others. Three of the acquired stores are located in Missouri, in Anderson, Seligman and […]
Posted in, Home Page Latest News, Industry News, Meat/Seafood/Poultry, Perishables, Suppliers
Cargill To Acquire Fort Worth-based Five Star Custom Foods
Cargill has signed an agreement to acquire Fort Worth, Texas-based Five Star Custom Foods Ltd., a business specializing in cooked protein products and custom prepared soups and sauces for the foodservice and food processing sectors. The acquisition includes both of the Five Star Custom Foods facilities in Fort Worth and Nashville, Tennessee. Terms of the […]
Posted in, Bakery News, Beverage News, Center Store, Grocery News, Home Page Latest News, Industry News, National, Perishables, Snacks Brands, Suppliers
TreeHouse Foods To Close California And Wisconsin Facilities
TreeHouse Foods is closing manufacturing plants in Azusa, California, and Ripon, Wisconsin. The Azusa facility has approximately 660 employees and produces bars and snack products primarily for retail customers. The full facility is expected to close and production is expected to end in the second quarter of 2017. Products produced at the Azusa facility will […]
Posted in, Northeast
Weis Markets To Purchase Five Mars Super Markets, And More…
Grocery News In Brief… Weis Markets plans to purchase five Mars Super Markets in Baltimore County, Maryland, including two in Dundalk and individual units in Essex, Arbutus and Carney. Weis Markets intends to complete the purchase in late July. Once the purchase is complete, Weis will operate nine stores in Baltimore County, essentially doubling its […]
Posted in, Northeast
Krispy Kreme To Be Sold, And More…
Foodservice News In Brief… JAB Holding Co. has agreed to acquire Krispy Kreme Doughnuts for $1.35 billion. JAB has investments in Keurig Green Mountain, Peets Coffee & Tea, Einstein Noah Restaurant Group and Espresso Group as well as a minority stake in Reckitt Benckiser. Krispy Kreme will retain its name and will be operated from […]
Posted in, Northeast
C&S Ups Channel Presence With Davidson Specialty Foods Buy
C&S Wholesale Grocers of Keene, New Hampshire, plans to acquire Davidson Specialty Foods of Newington, Connecticut, increasing its supply of specialty and ethnic foods. The sale is expected to close in June. Davidson provides direct store delivery (DSD) services for more than 6,000 specialty, kosher and ethnic products to independent and chain retailers across New […]
Posted in, Albertsons, Corporate Store News, Home Page Latest News, Store News, West
Smart & Final’s Net Sales Up Double Digits In 1Q
Smart & Final Stores, the value-oriented food and everyday staples retailer, reported May 3 that its net sales increased 10.5 percent to $908.5 million in the 12-week first quarter ended March 27. Its comparable store sales growth was 2 percent, and it operated 290 stores at quarter-end, including 143 Smart & Final Extra! stores, which […]