Tuesday, June 7, 2011

A&P to save $50 million in new deal with C&S

Just six months after citing its agreement with C&S Wholesale Grocers as a significant contributor to its Chapter 11 filing in December, A&P announced that it has entered into a new supply and logistics agreement with the New Hampshire-based supplier. The new contract is expected to take effect once A&P emerges from bankruptcy and will generate savings of up to $50 million per year, according to the grocery company. The agreement is subject to bankruptcy court approval.

In other words, A&P and C&S are on their way to being friends again.

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