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Acme Grocery Sold to Investment Firm

The chain of Acme supermarkets will be sold as a part of a larger deal as Supervalu, Inc. sold off five of its biggest grocery properties

The Daily Local reports that Supervalu, Inc. has sold off five of its largest grocery store chains, including Acme, to a New York investment firm for $100 million.

According to the Daily Local:

The New York City investor group will pay $100 million in cash for the stores, and the new company will assume $3.2 billion in existing debt. Cerberus Capital Management will also offer to buy up to 30 percent of the remaining Supervalu for $4 per share after the deal closes.

The nation’s No. 3 traditional supermarket operator said that the sale of 877 stores to an investor group led by Cerberus will also include Albertsons, Jewel-Osco, Shaw’s and Star Market. The group already owns about 200 Albertsons stores in the South and Southwest.

To read the comple story on the Daily Local's website please click on the link: here.

Dealpro January 11, 2013 at 05:30 PM
Buy Buy Acme Markets, will give them 2 years max. Albertsons was big in South, and now no one shops there.. Hechingers was sold to an investment firm, lasted 2 years till they ran into the ground after making record profits on selling off inventory and making deals for 50c on the dollar to pay off debt, and massave layoffs. Here, an inventment firm comes in for the short term kill to make high profits, run them into the ground, have bankruptcy or going out of business sales with outside companies inflating the prices and marking them down to make even more.. Only losers are the employees.
Former Acme shopper January 16, 2013 at 08:57 PM
According to Philly.Com, Maria's sources have new owners selling all real estate, Miller shoprite wants several Acmes to sell cheap quality groceries,

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