Supervalu

US retail and wholesale firm Supervalu has reached a merger agreement to acquire food retail distribution company Associated Grocers of Florida, for the sum of $180 million. According to Progressive Grocer, the deal will enable Supervalu to expand to new parts of Florida and leverage Associated Grocers of Florida’s large customer base in South Florida, the Caribbean, Central and South America and Asia. Associated Grocers of Florida operates two distribution …

US retail and wholesale firm Supervalu has completed the acquisition of wholesale grocery cooperative Unified Grocers for $390 million. The deal is comprised of $114 million in cash and $276 million for outstanding net debt. Supervalu has annual sales of about $13 billion, while Unified Grocers annual sales are approximately $3.8 billion. Mark Gross, president and chief executive officer of Supervalu commented: “The completion of this transaction is a significant step forward …

Reuters is reporting that US grocery firm Supervalu is considering an outright sale of its discount Save-A-Lot chain, as opposed to the spin-off mooted in July. Quoting “people familiar with the matter”, the Reuters report noted that Supervalu had received some interest from private equity firms and that it would consider offers for Save-A-Lot once it had registered its intention to spin off the division in 2016. The value of …