Supervalu acquired Unified Grocers for $375m

Supervalu and Unified Grocers, Inc. announced that they have entered into a definitive merger agreement for Supervalu to acquire Unified Grocers in a transaction valued at approximately $375m, comprised of approximately $114m in cash for 100% of the outstanding stock of Unified Grocers plus the assumption and pay-off of Unified Grocers’ net debt at closing (approximately $261m as of April 1, 2017). “We’re thrilled at the opportunity to bring together these two great organizations,” Mark Gross, SUPERVALU’s President and Chief Executive Officer. “By acquiring the Unified business, including gaining a wealth of expertise and talent, we will become a stronger and more efficient organization. The transaction will enhance our ability to help our customers better compete in the evolving grocery industry."