SUPERVALU Inc. (NYSE: SVU), Minneapolis, MN, has agreed to sell 19 of its 36 Shop ‘n Save grocery stores, primarily in the St. Louis area, to Schnuck Markets, Inc.
The transaction is planned to occur with a staggered close process that is expected to finish by late October 2018, the company said. As part of the acquisition, SUPERVALU and Schnucks will also enter into an agreement for SUPERVALU to serve as the primary supplier for nine of Schnucks’ existing stores located across northern Illinois, Iowa and Wisconsin.
