Food Industry
Industry: Email Alert RSS FeedAssociated Grocers Makes Comeback.(Brief Article)
Food Institute Report, The, November, 2001
Associated Grocers' $94 million refinancing deal has given the company "a new lease on life," executives said, reported Seattle Post-Intelligencer (Oct. 26). The Seattle, WA-based cooperative, which provides food, general merchandise and retail services to about 340 grocery stores in the Northwest, Alaska and Hawaii, was facing the likelihood of bankruptcy, a merger, or an outright sale.
Associated Grocers sold a warehouse in Kent, WA, consolidating the majority of its distribution at its 1.2 million-sq. ft. warehouse in South Seattle. In addition, it combined warehouse operations with Unified Western Grocers, Portland, OR and reduced its staff from more than 1,400 to 1,100. For its fiscal year, which ended Sept. 28, revenues were down slightly from the same...
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