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Supervalu Inc. will explore more wholesale-distributor acquisitions in the future as the Eden Prairie-based grocery company continues to shop around its underperforming retail stores to potential buyers.
Supervalu (NYSE: SVU) is finalizing its largest acquisition in years, a $375 million deal for Unified Grocers Inc., a West Coast wholesale grocery distributor. Once completed, the Eden Prairie-based company could see several opportunities for other distributor acquisitions, CEO Mark Gross said at a retail conference Wednesday morning.
"Showing people we can do that deal and showing our customer base that that integration goes smoothly should lead to other opportunities," Gross said. "There are other smaller distributers and we would think those people would see that transaction and say they would want to be a part of our larger organization."
To read the rest of the story, please go to: Minneapolis / St. Paul Business Journal
