Sunday, November 2, 2014

C&S Wholesale wins auction for AWI

As reported in the Food Trade News last week, a U.S. Bankruptcy judge declared C&S Wholesale Grocers the winner of the auction to acquire the assets of Associated Wholesalers, Inc. (AWI), the PA-based co-operative. The bid was valued at $288.1 million, about $3.5 million more than Supervalu's runner-up bid.

The acquisition is expected to close on November 11.

Related stories:
C&S Wholesale bids to acquire AWI (9/17/14)
King and Balducci's leaving White Rose for Wakefern (10/15/14)

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