sale Archives

Tag: sale
Posted inFood Service News, Bakery News, Deli News, Home Page Slider, Southwest, Suppliers

Grey Mountain Partners Sells Kronos Foods To Private Equity Firm

by Treva Bennett

Grey Mountain Partners has sold Kronos Foods to Entrepreneurial Equity Partners. Grey Mountain partnered with the company in September 2016 with the goal of developing and expanding its differentiated offering of world cuisine by providing best in class new product innovation to a broader customer base. A company spokesperson said Grey Mountain is grateful for […]

Posted inGrocery News, Center Store, Deli News, Home Page Slider, Northeast, Snacks Brands

Campbell Soup Co. Names New Owner Of Garden Fresh Gourmet

by Shelby Team

Camden, New Jersey-based Campbell Soup Co. has signed a definitive agreement for the sale of Garden Fresh Gourmet to an affiliate of Fountain of Health USA, a maker of hummus, dips, variety packs, prepared salads, pâtés and frozen desserts. Terms of the transaction were not disclosed. Garden Fresh Gourmet is part of the Campbell Fresh […]

Posted in, Home Page Latest News, Industry News, National, Suppliers

Campbell To Sell Its Fresh And International Business Units

by Alissa Marchat

Campbell Soup Co. on Aug. 30 announced plans to sell its non-core businesses—including its fresh and international units—as part of its “board-led strategy and portfolio review to improve performance and drive shareholder value.” Campbell International consists of Arnott’s and the Kelsen Group, along with the company’s manufacturing operations in Indonesia and Malaysia and its businesses in […]

Posted in, Albertsons, Home Page Latest News, Southwest, Wholesaler/Distributor News

AWG’s Fort Worth DC Hits The Sale Block

by Shelby Team

Associated Wholesale Grocers’ (AWG) Fort Worth, Texas, warehouse officially is on the market. The announcement comes after the wholesaler said last month that it would close its Fort Worth division. CBRE’s National Food Facilities Group, consisting of Kevin Kelly, David Sours and Lucy Durbin, has been retained to exclusively market the former AWG distribution center at […]

Posted inSuppliers, Home Page Latest News, National

Nestlé May Sell Its U.S. Confectionery Business

by Shelby Team

Nestlé is exploring strategic options for its U.S. confectionery business, including a potential sale. The review covers the U.S. market only and is expected to be completed by the end of this year. Nestlé’s U.S. confectionery business had sales of more than $900 million in 2016. It primarily includes chocolate brands like Butterfinger, BabyRuth, 100Grand, SkinnyCow, Raisinets, Chunky, OhHenry! and SnoCaps, […]

Posted in, Corporate Store News, Home Page Latest News, Independent Store News, Industry News, Midwest, Store News

Central Grocers Selling Strack & Van Til, Closing Nine Ultra Foods Stores

by Shelby Team

Twenty-two Strack & Van Til stores will be sold and nine Ultra Foods locations closed. The Northwest Indiana Times reports that parent company Central Grocers, based in Joliet, Illinois, is working toward a sale. The plan is to sell the 22 stores as “going concerns,” Strack & Van Til President and CEO Jeff Strack said […]

Posted inStore News, Corporate Store News, Home Page Latest News, Industry News, National

Whole Foods Market Investor Reportedly Wants Chain To Consider A Possible Sale

by Shelby Team

Is Whole Foods Market being primed for a takeover? Perhaps. The Wall Street Journal and CNBC report that activist investor Jana Partners has built a nearly 9 percent stake in the Austin, Texas-based grocery chain and wants the company to “speed up its turnaround efforts while also exploring a possible sale.” “The activist investor has […]

Posted inBakery News, Beverage News, Dairy News, Equipment & Technology, Grocery News, Home Page Latest News, Industry News, Private Label Brands, Southwest

Brookshire’s Dairy Plant Sale Follows Bakery Closure

by Shelby Team

Tyler, Texas-based Brookshire Grocery Co. (BGC) has sold its ice cream, dairy and water plants to Springfield, Missouri-based Hiland Dairy. Chairman and CEO Brad Brookshire said BGC’s “focus has always been on our retail stores, which our manufacturing plants supported. “But with an abundant offering of quality products now available through the supplier community, we […]

Posted in, Northeast

Global Partners Completes Sale Of Retail Sites To Mirabito Holdings

by Shelby Team

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 […]

Posted in, Northeast

Gulf Oil Awaiting Federal Approval Before Moving To ArcLight Capital, And More…

by Shelby Team

Convenience Store News In Brief… Pending Federal Trade Commission approval, the transfer sale of Gulf Oil from Cumberland Farms will occur with the new owner: Arclight Capital Partners of Boston, a private equity firm focused on North American Energy Infrastructure assets. Since its establishment in 2001, ArcLight has invested more than $13.1 billion across multiple […]

Posted in, Albertsons, Corporate Store News, Southwest, Store News

Reports: Brookshire’s Exploring Sale

by Shelby Team

Numerous media outlets are reporting that Brookshire Grocery Co. (BGC) is exploring a sale of its more than 150 stores in Texas, Louisiana and Arkansas. The sale of the East Texas-based chain could value Brookshire’s at as much as $1 billion, including debt, according to one report. Representatives for the company reportedly told local news […]