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.
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Unified is based in Commerce, California, and supplies independent retailers in the Western U.S.
The deal is expected to close during the summer.
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