Food distributor and retailer Supervalu has said it is to acquire the Midwest operations that C&S Wholesale Grocers recently purchased from bankrupt food wholesaler and distributor Fleming

Food & Drink Weekly, Sept 15, 2003

Food distributor and retailer Supervalu has said it is to acquire the Midwest operations that C&S Wholesale Grocers recently purchased from bankrupt food wholesaler and distributor Fleming. Supervalu added that Vermont-based C&S is to acquire Supervalu's New England operations. Supervalu said it expects the transaction to be neutral to its revenue on completion in mid-September.

It expects to see a benefit to its 2005 earnings of between 7 cents and 10 cents per share. Supervalu said that the deal was aimed at boosting its efficiency and generating growth.