Kroger, Albertsons Companies and C&S Wholesale Grocers, LLC Announce an Update

Amended Divestiture Plan Adds Stores, Facilities and Banner Names to Enhance Competition in Overlap Geographies and to Address Regulator Concerns

The Kroger Co. and Albertsons Companies Inc. announced today that they have amended their definitive agreement with C&S Wholesale Grocers, LLC for the sale of assets in connection with their proposed merger previously announced on October 14, 2022. This amended package modifies and builds on the initial divestiture package that was announced on September 8, 2023.

The amended divestiture package responds to concerns raised by federal and...

Farmlands Co-operative to Proceed with Acquisition of Cattle Feed Producer Seales Winslow

The New Zealand Commerce Commission (NZCC) has given the green light to Farmlands Co-operative's October 2023 proposed acquisition of Seales Winslow, the animal nutrition division of Ballance Agri-Nutrients which specialises in cattle feed production.

Farmlands is a farming co-operative with over 80,000 shareholders. Its NRM animal nutrition products division supplies its customers in New Zealand's South Island with pelletised compound feed that it manufactures itself. In the North Island, Farmlands uses toll manufacturers. Meanwhile, Seales Winslow operates...

Cargill Purchases Two Meat Plants from Long-Time Partner Ahold Delhaize USA

As U.S. consumer demand for convenient and affordable protein options continues to grow, Cargill announced today that the company has invested in two processing facilities to expand its production and distribution of supermarket case-ready beef and pork to retailers in the Northeast part of the country.

Cargill has purchased case-ready meat plants in North Kingstown, R.I., and Camp Hill, Penn. from Infinity Meat Solutions, subsidiaries of Ahold Delhaize USA. Cargill team members already staff both facilities, stemming from a long-term partnership with Ahold...

Scoular Expands Footprint in Kansas with Purchase of Three Grain Facilities

Scoular, an agribusiness that buys, sells, stores, handles and processes grain and ingredients, recently announced that it has acquired three grain handling facilities in central Kansas.

The facilities were purchased from Skyland Grain and will allow the company to more than double its storage capacity in the region. The acquisition will complement Scoular's shuttle-loading facility in Pratt, which the company has operated for more than a decade. 

Scoular will handle corn, wheat, soybeans, milo, and canola at the three newly acquired grain facilities. The grain...

FCPT Announces Acquisition of Two Popeyes Properties for $4.7 Million

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of two Popeyes properties for $4.7 million. The properties are located in strong retail corridors in Arizona and Illinois and are occupied under a long-term, triple net lease with approximately 20 years of term remaining. The properties are in the final stages of construction but rent will commence immediately at close...

Lavoro Completes Acquisition of Coram

Lavoro Limited (Nasdaq: LVRO), the first U.S.-listed pure-play agricultural inputs retailer in Latin America, today announced the acquisition of a controlling interest in Coram Comércio e Representações Agrícolas (“Coram”), an ag retailer based in Ituverava (State of São Paulo).

This acquisition of Coram, a respected player in the agricultural inputs market since 1973, significantly strengthens Lavoro's operations in São Paulo, Minas Gerais, and Goiás, and bolsters its exposure to the sugarcane sector.

Founded in 1973 by César Luiz Mendonça, the retailer boasts 10 retail locations, more than 50 employees, and serves approximately 1,200...

SVB Foods Expands with Acquisition of Vita Specialty Foods

SVB Foods is pleased to announce its acquisition of Vita Specialty Foods. SVB Foods is a trusted contract packaging food manufacturer specializing in savory condiments like salad dressings, marinades, and sauces. Vita Specialty Foods offers a portfolio of food products through licensing agreements, private labeling, and its own brands, including the nationally acclaimed Virginia Brand Vidalia Onion Vinaigrette.

This strategic acquisition marks a significant milestone for SVB Foods, reinforcing its commitment to enhancing its product portfolio and expanding its presence in the food industry. Terry Hess, CEO of SVB Foods, expressed...

Dearborn Sausage Company Is Adding to Its Local Focus with the Acquisition of 4 Great Lakes Brands

Dearborn Sausage Company, Inc is happy to announce that it is adding to its local focus with the acquisition of 4 Great Lakes regional brands. Dearborn Sausage Company is uniquely suited to carry on the traditions and flavors of Butcher Boy, Virginia Davis Brand, Brookside Brand, and Farmer Peet.

Butcher Boy is an East side icon located on Little Mack in Saint Clair Shores. Known for its boneless hams and hot dogs, Dearborn Sausage is excited to keep the brand alive and relevant...

C&S Wholesale Grocers Enters Agreement to Purchase 413 Stores from the Kroger and Albertsons Merger

&S Wholesale Grocers, LLC, (C&S) an industry leader in wholesale grocery supply and supply chain solutions in the United States, has entered into a definitive agreement to purchase 413 stores, eight distribution centers and two offices that have become available due to The Kroger Co. and Albertsons Companies Inc. merger. C&S will acquire QFC, Mariano's and Carrs brand names and the exclusive licensing rights to the Albertsons brand name in Arizona, California, Colorado and Wyoming. C&S will also add five...

Save A Lot Sells Remaining Corporate Stores, Completes Transition to 100% Licensed Wholesaler

Save A Lot, one of the largest discount grocery chains in the U.S., announced the re-licensing of its remaining 18 company-operated stores, finalizing its ongoing strategy to shift ownership and operations of all Save A Lot locations to independent, licensed ownership and to foster continued brand growth as a licensed wholesaler.

“As we’ve made a strategic shift to become a licensed wholesaler, it’s clear that our long-term growth momentum must be rooted in the success of our strong network of Retail Partners,” said...

FAT Brands Bolsters Boards with Three New Additions

FAT (Fresh. Authentic. Tasty.) Brands Inc. announces the appointment of three new Directors to its board, Peter R. Feinstein, Matthew H. Green and John C. Metz. With the additions, the Board size will increase to 12.

Mr. Feinstein and Mr. Green will serve as independent directors in addition to being appointed to the Audit Committee of the Board. Mr. Feinstein is an experienced operator of restaurant and entertainment properties, including SHAC, LLC, Fatburger franchises, Sugar Factory, El Dorado Cantina and Country Star Restaurants. He is also a retired certified public accountant, having...

High Bluff Capital Partners Emerges as Winner in Auction for 81 Hardee’s Restaurant Locations

High Bluff Capital Partners, the experienced investment firm driving the revitalizations of Church’s Texas Chicken, Quiznos and Taco Del Mar, will assume ownership of 81 Hardee’s restaurant locations, following a court-approved auction process for the assets of Summit Restaurant Group and related entities, a former Hardee’s operator that filed for Chapter 11 in May. The Sale Hearing in the Chapter 11 case is set for July 18, 2023. The transaction is expected to close in August.

With locations in Alabama, Florida, Georgia...