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Kroger and Albertsons have announced plans to divest 413 stores to retail supply firm C&S Wholesale Grocers in connection with the proposed merger of the two chains, which was announced last year.
The deal involves stores operating under banners such as QFC, Mariano’s, and Carrs. Kroger will also sell private label brands like Debi Lilly Design, Primo Taglio, Open Nature, ReadyMeals, and Waterfront Bistro, along with eight distribution centres and offices.
C&S Wholeale Grocers operates the Piggly Wiggly and Grand Union supermarket chains, in addition to being an industry leader in supply chain solutions and wholesale grocery supply.
Commenting on the acquisition, Kroger chairman and CEO Rodney McMullen said: “C&S’s strong operational focus and financial resources, along with a comprehensive operational infrastructure included as part of the divestiture agreement, will position it to successfully operate and continue to grow these iconic brands for years to come”.
C&S Wholesale Grocers COO Eric Winn added: “We look forward to welcoming thousands of new associates to the C&S family and providing them the opportunity to build long and successful careers. As a leader in the grocery industry, we have a strong heritage of value and customer service that is enabled by a deep commitment to our consumers, employees and communities”.
Kroger confirmed the merger is on schedule for an early 2024 completion.
Source: Kroger / C&S Wholesale Grocers
