Supervalu Buying California Grocery Distributor For $114M

NEW YORK (AP) — Supervalu Inc. is buying grocery distributor Unified Grocers Inc. for $114 million cash, boosting the grocery store operator’s wholesale business.

Eden Prairie, Minnesota-based Supervalu is also assuming $261 million in Unified’s debt as part of the deal. Combined, the companies will operate 24 distribution centers in 46 states, serving over 3,000 stores.

[graphiq id=”k5o5C3CmIK1″ title=”Cub Foods” width=”600″ height=”748″ url=”https://w.graphiq.com/w/k5o5C3CmIK1″ ]

Unified is based in Commerce, California, and supplies independent retailers in the Western U.S.

The deal is expected to close during the summer.

(© Copyright 2017 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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