All articles tagged with #cands wholesale grocers
Michigan-based grocery chain SpartanNash is set to be sold to C&S Wholesale Grocers in a $1.77 billion deal, with shareholders receiving $26.90 per share, promising new opportunities and continued community focus.
C&S Wholesale Grocers and SpartanNash are merging in a deal valued at $1.77 billion, expected to close in late 2025, aiming to enhance efficiency, lower grocery prices, and support local communities through expanded distribution networks and scale.
Kroger and Albertsons plan to sell over 400 stores and other assets as part of their proposed $24.6 billion merger, in order to comply with U.S. antitrust laws and secure regulatory clearance. The stores will be sold to C&S Wholesale Grocers, along with several brand names and private label brands. The merger aims to create a stronger competitor against Walmart and Amazon in the grocery business. The deal is expected to be finalized soon, although it remains uncertain if regulators will approve it due to concerns about potential control over grocery prices.
Kroger and Albertsons are selling over 400 stores and other assets to C&S Wholesale Grocers for approximately $1.9 billion in order to complete their merger. The deal includes the sale of 24 Albertsons stores in Arizona, as well as the divestment of several private label brands. The agreement comes after seven secretaries of state, including Arizona's, urged the FTC to reject the merger.
Kroger and Albertsons, the two largest grocery store chains in the US, have announced a $1.9 billion divestiture plan as part of their $24.6 billion merger. The plan includes the sale of 14 Albertsons-owned Carrs Safeway stores in Alaska to New Hampshire-based grocery supplier and retailer, C&S Wholesale Grocers. The sale is aimed at gaining approval from the Federal Trade Commission for the merger. The specific locations of the stores to be sold have not been disclosed, but it is expected to include stores that operate near Kroger-owned Fred Meyer stores. The sale has raised concerns in Alaska about store closures, higher food prices, and threats to the supply chain and workers' livelihoods. The merger is set to close in early 2024, pending regulatory approval.
C&S Wholesale Grocers, with the support of SoftBank Group, is close to finalizing a deal to acquire stores that Kroger and Albertsons are looking to sell in order to obtain regulatory approval for their $25 billion merger. The exact value and number of stores involved in the transaction have not been disclosed. C&S lost one of its major customers, Ahold Delhaize, in 2019 and this acquisition could help offset that loss. The deal is expected to be announced this week. The Federal Trade Commission is currently reviewing the merger and facing pressure to block it due to concerns over potential higher grocery prices.