Latest news with #C&SWholesaleGrocers
Yahoo
6 days ago
- Business
- Yahoo
Kroger settles with C&S Wholesale after failed $25 billion Albertsons merger
Kroger announced Aug. 11 that it has settled litigation with C&S Wholesale Grocers, which sued the Cincinnati-based supermarket giant in the wake of a failed $25 billion merger with Albertsons. The Keene, New Hampshire-based supplier and retailer was set to acquire nearly 600 divested stores from Kroger and Albertsons upon completion of the deal. C&S Wholesale claimed Kroger owed it a $125 million termination fee in the event the merger was called off. Kroger said all claims were resolved. Terms of the settlement were confidential. 'We are pleased to resolve the claims from C&S, and we look forward to a friendly relationship with them going forward,' said Interim CEO Ron Sargent, in a statement. Would-be acquirer of stores was part of merger's failure C&S Wholesale was seen as part of the reason for the merger's failure. While the company supplies thousands of grocery stores nationwide, its retail operations were modest: a couple dozen stores. In the successful antitrust cases against the merger, regulators argued C&S Wholesale would not be a strong enough competitor to a super-sized Kroger. C&S Wholesale executives also faced several awkward questions during antitrust hearings when it was revealed they had mocked their own company's retail investments. In case you missed it: Kroger CEO resigns after investigation into 'personal conduct.' What to know. Litigation against Kroger in the aftermath of the abandoned merger is not over: The Boise, Idaho-based retailer announced it was also suing Kroger the same day it pulled out of the deal for allegedly botching regulatory approval. Albertsons' lawsuit is also seeking to collect a breakup fee worth $600 million. Details of Kroger CEO's abrupt exit sought in two lawsuits In that case, Albertsons is seeking the reason that Kroger's long-serving CEO Rodney McMullen resigned in March following an ethics investigation. Kroger has offered few details of McMullen's exit, saying only that "certain personal conduct" by McMullen was 'inconsistent' with its ethics policy. Albertsons argues that Kroger's ethical conduct, while McMullen was at the helm, is relevant to how it pursued its efforts to win merger approval. McMullen's departure has also come up in another lawsuit against Kroger. Grammy-nominated singer Jewel has sued the grocer for allegedly cutting her out of the Kroger Wellness Festival, which she helped organize in its early years. In that case, a judge has ordered McMullen to explain the details of his resignation, which may later be revealed in court records. This article originally appeared on Cincinnati Enquirer: Kroger settles lawsuit related to failed $25B Albertsons merger Sign in to access your portfolio
Business Wire
16-07-2025
- Business
- Business Wire
C&S Group Enterprises LLC Announces Conference Call to Review the Third-Quarter Fiscal 2025 Results for the Period Ended June 7, 2025
BUSINESS WIRE)--C&S Group Enterprises LLC (the 'Company') announced today that a teleconference will be held on Tuesday, July 22, 2025 at 11:00 a.m. ET, during which the Company's management will discuss the Quarterly Report for the period ended June 7, 2025. A question and answer period will follow management's presentation of the operating results. A recording of the conference call will be available until midnight on Friday, August 22, 2025. Pursuant to the terms of the indenture governing the Company's Senior Unsecured Notes due 2028, access to the call and the recording will be limited to current holders of the Senior Unsecured Notes, prospective investors, analysts and market makers in the Senior Unsecured Notes. Instructions for participation in the call and the recording will be made available to permitted participants by logging on to and accessing the Company's secure web page. Login information for the Company's Intralinks page will be made available to participants who have requested such information via e-mail through our Investor Relations page at The Quarterly Report will be made available on our secure Intralinks page on Monday, July 21, 2025. About C&S Wholesale Grocers, LLC. C&S Wholesale Grocers, LLC is an industry leader in supply chain solutions and wholesale grocery supply in the United States. Founded in 1918 as a supplier to independent grocery stores, C&S now services customers of all sizes, supplying more than 7,500 independent supermarkets, chain stores, military bases and institutions with over 100,000 different products. C&S also proudly operates and supports corporate grocery stores and services independent franchisees under a chain-style model throughout the Midwest, South and Northeast. We are an engaged corporate citizen, supporting causes that positively impact our communities. To learn more, please visit
Yahoo
26-06-2025
- Business
- Yahoo
Mapping C&S and SpartanNash's combined footprint
This story was originally published on Grocery Dive. To receive daily news and insights, subscribe to our free daily Grocery Dive newsletter. The grocery industry is on the brink of seeing a new distribution company with a nationwide reach. On Monday, C&S Wholesale Grocers announced plans to acquire SpartanNash in a $1.77 billion deal that is expected to close by the end of this year. The companies each operate a distribution network that spans multiple regions, as well as regional grocery banners and private label lines. The companies have positioned the merger as an opportunity to gain leverage over 'extremely large global grocers in the U.S. food-at-home space,' and they aim to do so by bringing together distribution facility portfolios that stretch across different regions of the U.S. and only overlap in three states. If given the green light to combine, the merged companies will serve nearly 10,000 independent retail locations, according to Monday's announcement. C&S has a distribution presence in 15 states, with facilities as well as offices along the West Coast, in the Northeast and across multiple Hawaiian islands. Meanwhile, SpartanNash's 14 distribution centers are primarily concentrated in the Midwest, with centers in southern and southeastern states, as well. States where C&S and SpartanNash operate distribution facilities This embedded content is not available in your region. Texas, Florida and Maryland are the only states where the companies both have distribution facilities out of the nearly 30 states where they collectively operate. C&S and SpartanNash's grocery retail footprints tell a similar story. SpartanNash operates close to 200 supermarket locations across a dozen grocery banners in 10 states, including Family Fare, Martin's Super Markets and D&W Fresh Market, per the company's website. C&S's company-operated retail business is smaller, consisting of stores across the Piggly Wiggly and Grand Union Supermarkets banners. C&S, which acquired Piggly Wiggly Midwest in 2021, would not confirm how many Piggly Wiggly stores it operates. SpartanNash's retail footprint This embedded content is not available in your region. C&S was part of a consortium of investors that, early this year, acquired roughly 170 Winn-Dixie and Harveys Supermarket stores from Aldi. C&S lost out on the ability to gain hundreds of grocery stores in the failed Kroger-Albertsons merger. The merger with SpartanNash, however, could help C&S to step up its retail presence with little worry about store overlaps that might draw regulatory scrutiny. Recommended Reading Number Sense: C&S's planned acquisition of SpartanNash could mean smooth scaling for the distributors Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-06-2025
- Business
- Yahoo
C&S Wholesale Grocers to buy SpartanNash for $1.77bn
C&S Wholesale Grocers has agreed to acquire US-based food solutions company SpartanNash for $1.77bn in cash, including assumed net debt. The acquisition price marks a 52.5% premium over SpartanNash's recent stock valuations. The definitive merger agreement between C&S and SpartanNash has received unanimous approval from both companies' boards of directors. Subject to customary closing conditions, including shareholder and regulatory approvals, the transaction is expected to close in late 2025. SpartanNash operates two complementary business segments: food wholesale and grocery retail. The acquisition is anticipated to bring together 60 distribution centres across the US, serving 10,000 independent retail locations and more than 200 corporate-run grocery stores. C&S CEO Eric Winn stated: 'Together, we are uniting some of the most advanced capabilities and boldest innovations in the distribution market to better serve communities across the nation. At C&S [...] our team members strive every day to take care of our customers' stores as if they are our own. The combination of our two companies' capabilities puts our collective customers' stores and our own retail stores at the centre of the plate, supporting their ability to thrive in a highly dynamic and competitive environment.' The merger will create a more efficient supply chain, enabling lower prices for grocery shoppers. With grocery industry profit margins averaging 1.6%, the combined capabilities of C&S and SpartanNash are expected to deliver better value for food and household goods. The combined company will focus on preserving accessible, affordable nutrition and pharmacy services, particularly in areas underserved by retail pharmacies and where access to fresh food is limited. Wells Fargo has offered a debt financing commitment for the transaction. SpartanNash shareholders will continue to receive a quarterly cash dividend of $0.22 per share, payable on 30 June 2025, for shares held as of the close of business on 13 June 2025. SpartanNash president and CEO Tony Sarsam stated: 'For our customers, this transaction creates the necessary scale, efficiency and purchasing power needed to enable independent retailers to compete more effectively with larger big box chains. Neighbourhood grocers are essential pillars of our communities that we want to preserve and strengthen. A thriving hometown grocery store supports local farmers, bolsters the local economy and enhances the overall health and well-being of the community.' In October 2024, SpartanNash announced the expansion of its retail footprint by entering an asset purchase agreement to acquire Markham Enterprises. "C&S Wholesale Grocers to buy SpartanNash for $1.77bn" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
23-06-2025
- Business
- Forbes
C&S Wholesale To Acquire SpartanNash In Bid To Take On Grocery Giants
SpartanNash owns a number of retail fascias, including Family Fare. Byron Center, Michigan-based SpartanNash Co. plans to sell its business to a privately-held wholesale grocery distributor, and the parent company of Piggly Wiggly Supermarkets, in a $1.77 billion deal, the companies announced this morning. Keene, New Hampshire-based C&S Wholesale Grocers has agreed to acquire SpartanNash for $26.90 per share, representing a total consideration of $1.77 billion, including debt, as the companies seek to compete better against larger global grocers in the U.S. supermarket sector. The offer represents a 52.5% premium over SpartanNash's closing price on 20 June and the company's stock has soared since the announcement, reaching around $26.50. Together, the combined company will operate almost 60 distribution centers covering the U.S. and will serve close to 10,000 independent retail locations, with more than 200 corporate-run grocery stores also under their umbrella. In a joint media release, the companies said that the deal has been designed to provide a more efficient supply chain as well as an ability to secure the 'best possible' delivered cost of goods and promotional discounts, which are expected to translate into lower prices for grocery shoppers. C&S And SpartanNash Merger Founded in 1918, C&S Wholesale Grocers supplies more than 7,500 independent supermarkets, chain stores, military bases and institutions with over 100,000 different products. It also operates and supports corporate grocery stores and services independent franchisees under a chain-style model throughout the U.S. Midwest, South and Northeast. SpartanNash operates two complementary business segments - food wholesale and grocery retail. In terms of retail operations, the company operates nearly 200 brick-and-mortar grocery stores, primarily under the banners of Family Fare, Martin's Super Markets and D&W Fresh Market, in addition to dozens of pharmacies and fuel centers with associated convenience stores. On the wholesale side, SpartanNash serves customers that include independent and chain grocers, national retail brands, e-commerce platforms, and U.S. military commissaries and exchanges. SpartanNash Q1 Results SpartanNash posted Q1 adjusted earnings per share of $0.35 in the 16 weeks to April 19, missing the analyst consensus of $0.45. However, revenue for the quarter came in at $2.91 billion, surpassing estimates of $2.87 billion and representing a 3.7% increase year-on-year. The company's retail segment saw a 19.6% jump in net sales to $947.2 million, driven by incremental sales from acquired stores and a 1.6% rise in comparable store sales. However, the wholesale segment experienced a 2.6% decline in net sales to $1.96 billion. The merged businesses will have around 60 distribution centers combined. 'The combination of our two companies' capabilities puts our collective customers' stores and our own retail stores at the center of the plate, supporting their ability to thrive in a highly dynamic and competitive environment. Our customers need us more than ever, and we are building a sustainable platform for our team members to be able to support them long into the future,' C&S CEO Eric Winn said of the deal. The proposed merger, which has been unanimously approved by the boards of both companies, is expected to close in late 2025. 'For our customers, this transaction creates the necessary scale, efficiency and purchasing power needed to enable independent retailers to compete more effectively with larger big box chains,' SpartanNash President and CEO Tony Sarsam said. 'Neighborhood grocers are essential pillars of our communities that we want to preserve and strengthen. A thriving hometown grocery store supports local farmers, bolsters the local economy, and enhances the overall health and well-being of the community,' the SpartanNash boss added.
