Minnesota-based grocery company is making a power play in the Chicago area, stepping into the void being left by the bankrupt Central Grocers, a nearly century-old grocery cooperative that's closed up shop.
Supervalu Holdings has entered into an agreement to buy Central Grocers' massive distribution center in Joliet for $61 million. A bankruptcy court judge approved the deal Tuesday, despite some objections from unsecured creditors.
Consumers likely will notice a greater variety of store-branded items in grocery stores previously served by Central Grocers, which operated as a wholesaler for more than 400 independent stores in the Chicago area. Many of those retailers already have switched from Central Grocers to either Supervalu or Associated Wholesale Grocers, a Kansas-based cooperative with a warehouse in Kenosha, Wis.
To read the rest of the story, please go to: Chicago Tribune