C&S Wholesale Grocers and SpartanNash have entered into a definitive merger agreement, which was unanimously approved by the boards of directors of both companies. C&S will acquire SpartanNash for a purchase price of $26.90 per share of SpartanNash common stock in cash, representing total consideration of $1.77 billion, including assumed net debt. The transaction price represents […]
Tag: merger
Posted inFood Service News, Bakery News, Home Page Slider, Meat/Seafood/Poultry, Midwest
Grecian Delight Foods, Kronos Foods Reach Merger Agreement
Grecian Delight, a Parthenis family business, and Kronos Foods, one of Entrepreneurial Equity Partners’ (e2p) portfolio companies, have reached a merger agreement. The merger between the two leading providers of authentic Mediterranean and globally-inspired cuisine will allow them to better serve their customers by offering more overall value through enhanced services, expansive product lines and […]
Posted inBeverage News, Home Page Slider, Marketing News, National, Suppliers
Craft Brew Alliance Approves Proposed Agreement With Anheuser-Busch
The shareholders of Craft Brew Alliance Inc. (CBA) voted at a special meeting Feb. 25 to adopt an agreement, announced Nov. 11, 2019, that will create an expanded partnership between CBA and Anheuser-Busch Cos. LLC (A-B), with A-B agreeing to purchase the remaining CBA shares it does not already own in a merger transaction for […]
Posted inNonfood Items, Northeast
Edgewell Personal Care Terminates Merger Agreement With Harry’s Inc.
Edgewell Personal Care Co. announced that following the U.S. Federal Trade Commission’s filing of a lawsuit seeking to block the proposed transaction, Edgewell terminated its merger agreement with Harry’s Inc. Harry’s has informed the company that it intends to pursue litigation. Edgewell said that such litigation has no merit. Edgewell is now moving forward as […]
Posted inAssociation News, Executive News, Home Page Latest News, Independent Store News, National, Shelby Originals, Shelby Signature Content, Wholesaler/Distributor News
UPDATED: ROFDA To Join Forces With NGA Jan. 1
The Retailer Owned Food Distributors & Associates (ROFDA) organization will merge under the National Grocers Association (NGA) umbrella, effective Jan. 1, 2020. The announcement was made this morning at the NGA and ROFDA co-located fall conference in Ponte Vedra Beach, Florida. ROFDA’s current share groups and buying programs will continue to operate under this new […]
Posted in, Home Page Latest News, National, Wholesaler/Distributor News
Supervalu Stockholders Approve United Natural Foods Merger
At a special meeting of stockholders held Oct. 18, stockholders of Supervalu Inc. approved the proposed acquisition of Supervalu by United Natural Foods Inc. (UNFI). It was announced in July that UNFI and Supervalu had entered into a definitive agreement under which UNFI would acquire Supervalu for $32.50 per share in cash, or approximately $2.9 billion, including the assumption of outstanding […]
Posted inHealth & Wellness, Albertsons, Corporate Store News, Grocery News, Home Page Latest News, National, Store News
Albertsons And Rite Aid Terminating Their Merger Agreement
Albertsons Cos. Inc. and Rite Aid Corp. have mutually agreed to terminate their previously announced plans to merge. In a statement, Albertsons said it believes that the strategic rationale of the Rite Aid combination was compelling, including the $375 million of cost synergies and $3.6 billion of identified revenue opportunities. “We disagree with the conclusion […]
Posted inBeverage News, Executive News, Grocery News, Home Page Latest News, National, Suppliers
Keurig Dr Pepper Reveals Its Post-Merger Leadership Team
Dr Pepper Snapple Group Inc. and Keurig Green Mountain Inc. have named the leadership team for the new Keurig Dr Pepper (KDP), effective upon the close of the companies’ merger, expected July 9. “Our new leadership team represents the very best talent across both great companies,” said Bob Gamgort, future CEO of KDP. “With proven […]
Posted inGrocery News, Albertsons, Corporate Store News, Health & Wellness, Home Page Latest News, Industry News, National, Store News
Albertsons Cos. Merging With Rite Aid, Will Rebrand Store Pharmacies
Albertsons Cos. and drugstore chain Rite Aid Corp. have entered into a definitive merger agreement under which privately held Albertsons Cos. will merge with publicly traded Rite Aid. Current Rite Aid Chairman and CEO John Standley will become CEO of the combined company, with current Albertsons Cos. Chairman and CEO Bob Miller serving as chairman. […]
Posted inGrocery News, Beverage News, Center Store, Home Page Latest News, Suppliers
KDP Will Be Formed By Merger of Keurig, Dr Pepper Snapple
Dr Pepper Snapple Group (DPS) and Keurig Green Mountain announced a merger agreement on Jan. 29. The new company will be Keurig Dr Pepper (KDP). A completed merger would create a company comprising beverage brands Dr Pepper, 7UP, Snapple, A&W, Mott’s, Sunkist and Green Mountain Coffee Roasters; the Keurig single-serve coffee system; and more than […]
Posted inAssociation News, Executive News, Home Page Latest News, Midwest
Michigan Grocers, Retailers Associations To Join Forces On Jan. 1
The Michigan Grocers Association (MGA) and the Michigan Retailers Association (MRA) are combining operations effective Jan. 1, 2018. Michigan Grocers will become a division of the Michigan Retailers Association. With the change, MGA President and CEO Linda M. Gobler, who has been an advocate for the retail food industry for 32 years, will retire but […]
Posted inBakery News, Home Page Latest News, National
Biscuit & Cracker Manufacturers Merge With American Bakers Association
The American Bakers Association (ABA) and the Biscuit & Cracker Manufacturers’ Association (B&CMA) have officially merged. As a result, the new ABA welcomed 116 B&CMA member companies, including U.S. and international bakers and allied companies. Additionally, ABA welcomed the B&CMA professional staff, including: • Dave Van Laar, senior advisor to the president and CEO: B&CMA transition […]
Posted inWest, Corporate Store News, Home Page Latest News, Industry News, Store News
Hispanic Grocers Cardenas Markets And Mi Pueblo Merge
Cardenas Markets and Mi Pueblo, two Hispanic grocery chains in which global investment firm KKR made significant investments last year alongside Victory Park Capital, have merged. The combined business will operate as Cardenas Markets LLC and will become one of the largest Hispanic supermarket chains in the country. Each grocery chain will continue to operate separately, […]
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 inDeli News, Bakery News, Home Page Latest News, Meat/Seafood/Poultry, National, Perishables, Wholesaler/Distributor News
Harvest And Sherwood Food Distributors Merge
Harvest Food Distributors and Sherwood Food Distributors have merged to form a nationwide protein and perishable food distribution network, servicing independent food retailers, regional and national chains, cruise lines and foodservice distributors from coast to coast. The merger of Harvest Sherwood brings together two family-owned companies to serve as a single, trusted partner for producers and […]
Posted inCorporate Store News, Albertsons, Home Page Latest News, Industry News, National
Albertsons Touts Accomplishments On Two-Year Anniversary Of Safeway Acquisition
Albertsons Cos. says it has grown its workforce by 10 percent, creating 26,000 jobs, since it acquired Safeway two years ago. In addition, the grocery chain says it has built or acquired 174 locations; increased healthy food and financial donations; and elevated its commitment to sustainability. “We added an exceptional class of talented employees to […]
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 in, Albertsons, Corporate Store News, Home Page Latest News, Marketing News, Suppliers, West
SMC Of San Francisco And NorCal Food Brokers Merging
The Sales Managers Club of San Francisco (SMC) held its last Hi-Jinks luncheon in December. The Hi-Jinks event is not going away, but will be sponsored by a new organization this year—the Northern California Food Industry Sales Association (FISA). FISA is the new organization formed by the merger of SMC and the Northern California Food […]
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, Beverage News, Home Page Latest News, National, Suppliers
Tobacco Giant Becomes Significant Shareholder In AB InBev After $100B SABMiller Merger
In connection with this week’s official $100 billion merger of Anheuser-Busch InBev and SABMiller, Altria Group Inc. received 185,115,417 restricted shares of the combined company, AB InBev, representing a 9.6 percent economic and voting interest in AB InBev, and approximately $5.3 billion in pre-tax cash. In addition, Marty Barrington, Altria’s chairman, CEO and president, and […]