C&S Wholesale Grocers to acquire 413 stores, 8 distribution centers and 2 offices from Kroger and Albertsons for $1.9bn.

Transaction Tags

• Infrastructure
• Real Estate
• Private
• Friendly
• United States
• convenience stores
• Food Retailers and Wholesalers
• Acquisition
• Majority
• Domestic
• Pending
• Single Bidder

Synopsis

C&S Wholesale Grocers, a grocery store chain, agreed to acquire 413 stores, 8 distribution centers and 2 offices from Kroger, a retail company that operates supermarkets and multi-department stores, and Albertsons, a grocery store company, for $1.9bn. "This is another exciting opportunity for C&S to expand into the retail market, which is an important component of our long-term growth. We have a strong foundation of retail experience with our Piggly Wiggly franchise and corporate-owned stores in the Midwest and Carolinas and the reopening of our iconic Grand Union — totaling more than 160 retail locations — all of which demonstrate C&S's ability to deliver solid retail performance. This will also further enhance C&S's ability to serve our customers as we will be in a unique position as a leading wholesale supplier and retailer to help grow their business and continue our legacy of braggingly happy customers," Eric Winn, C&S Wholesale Grocers COO and designated CEO.

Sources