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MILWAUKEE - On the heels of a major announcement that it will enter the Chicago marketplace with as many as a dozen locations in the next four years, Roundy's Supermarkets Inc. here is said to be seeking a possible buyer, the Wall Street Journal Online reported Wednesday.
Citing "people familiar with the matter," the WSJ online report said Roundy's could sell for as much as $2 billion based on the value of some recent supermarket chain deals.
A Roundy's spokeswoman did not immediately returns calls from Progressive Grocer seeking further information.
Roundy's is owned by Willis Stein & Partners, a Chicago-based private equity firm that acquired the retailer/distributor in June 2002. The firm said on its Web site that it generally invests in growing acquired companies for periods of four to seven years.
With nearly $4 billion in sales and 22,000 employees, Roundy's operates 153 retail grocery stores under the Pick 'n Save, Copps, Rainbow, and Metro Market names in Wisconsin, Minnesota, and Illinois.