Supervalu Inc. has sold its Payson Store Fixtures division to DGS Retail Inc. in Boston for an undisclosed amount, according to a Tuesday press release from Quazar Capital Corp., the Minneapolis investment banking firm that represented Payson on the deal.
Payson designs and manufactures a broad range of fixtures, millwork and dcor elements for supermarkets, pharmacies and other retailers. Eden Prairie-based Supervalu (NYSE: SVU) acquired the division, formerly known as the Albersons Mill, in its 2006 acquisition of the Boise, Idaho-based Albertsons grocery chain.
Like Payson, DGS also designs and manufactures custom dcor, millwork and store fixtures for major retailers, including grocers, pharmacies and boutique retailers.
To read the rest of the story, please go to: Minneapolis/St. Paul Business Journal
