Food Industry
Industry: Email Alert RSS FeedGrocery retailer and wholesaler Fresh Brands has announced that it has signed a definitive merger agreement to be acquired by an affiliate of the Chicago-based grocery wholesale cooperative
Food & Drink Weekly, Dec 12, 2005
Grocery retailer and wholesaler Fresh Brands has announced that it has signed a definitive merger agreement to be acquired by an affiliate of the Chicago-based grocery wholesale cooperative, Certified Grocers Midwest, in a transaction valued at approximately $100 million, which includes assumed debt and certain other liabilities.
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The proposed merger is expected to be completed in the first quarter of 2006. The transaction is subject to approval by Fresh Brands' shareholders and other customary closing conditions.
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