Wednesday , March 20 2019
  • English
  • Spanish
Home / All / Economy / Shop ’n Save store chain to be sold for $2.9 billion

Shop ’n Save store chain to be sold for $2.9 billion

Supervalu Incorporated, Shop ’n Save’s parent company, has agreed to be acquired by United Natural Foods for $2.9 billion.

United Natural Foods is a distributor of natural and organic foods based in Providence, Rhode Island. They are also the primary supplier for Whole Foods Markets. The company offered Supervalu shareholders $32.50 per share in cash, a 67 percent premium to Supervalu’s Wednesday closing price.

The St. Louis Post-Dispatch reports that United Natural Foods also announced it plans to sell some Supervalu retail assets after the deal.

Despite Supervalu Incorporated being located in Minnesota, the Shop ’n Save grocery store chain is located in Kirkwood, Missouri, and employs over 3,000 people in the St. Louis area. As Fox 2 reports, two area grocery stores have already been acquired by competitors. The Maplewood location will open a Schnucks later this year, and Aldi is moving into former Shop ’n Save in Tower Grove South.

Supervalu also owns and operates grocery stores such as Cub Foods, and Hornbacher’s. Around 23,000 employees work for the company.



Cadena de tiendas Shop ’n Save será vendida por $2.9 mil millones


Supervalu Incorporated, la empresa matriz de Shop ‘n Save, aceptó ser adquirida por United Natural Foods por $2.9 mil millones de dólares.

United Natural Foods es un distribuidor de alimentos naturales y orgánicos con sede en Providence, Rhode Island. También son el principal proveedor de Whole Foods Markets. La compañía ofreció a los accionistas de Supervalu $32.50 por acción en efectivo, una prima de 67 por ciento sobre el precio de cierre del miércoles de Supervalu.

El St. Louis Post-Dispatch informa que United Natural Foods también anunció que planea vender algunos activos minoristas de Supervalu después del acuerdo.

A pesar de que Supervalu Incorporated está centralizada en Minnesota, la cadena de tiendas Shop ‘n Save tiene su sede en Kirkwood, Missouri, y emplea a más de 3,000 personas en el área de St. Louis. Como informa Fox 2, dos tiendas de comestibles de la zona ya han sido adquiridas por los competidores. La ubicación de Maplewood abrirá un Schnucks a finales de este año, y Aldi se mudará al Shop ‘n Save de Tower Grove South.

Supervalu también posee y opera supermercados como Cub Foods y Hornbacher’s. Alrededor de 23,000 empleados trabajan para la compañía.



Check Also

St. Louis County police ask for help in locating missing man

Leave a Reply

Your email address will not be published. Required fields are marked *

Translate »