Wholesale grocery distributor SUPERVALU Inc. (NYSE: SVU), Minneapolis, MN, has agreed to acquire Unified Grocers Inc, Commerce, CA, for $375 million. The transaction will be comprised of $114 million in cash for 100 percent of the outstanding stock of Unified Grocers plus the assumption and pay-off of Unified Grocers’ net debt at closing.
Following completion of the merger, Unified Grocers will be a wholly-owned subsidiary of SUPERVALU.
Together, SUPERVALU and Unified operate 24 distribution centers supplying customers in 46 states and serve a combined customer base of over 3,000 stores.
