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MINNEAPOLIS - Supervalu on Sunday announced that it has signed a letter of intent with C&S Wholesale Grocers Inc., for certain assets that C&S may purchase from Fleming Companies.
Final approval of C&S's purchase of the Fleming assets is anticipated to occur in the U. S. Bankruptcy Court within the next few weeks, and would enable Supervalu's purchase of the Fleming operations located in La Crosse and Milwaukee, Wis., and Massillon, Ohio, and the assets associated with those locations.
Supervalu also would assume ownership of the retail trade names Festival Foods and Sentry Foods, as well as licensing rights to the Jubilee Foods name in certain markets. Under the agreement, Supervalu would also acquire ownership of the Crestwood Bakery trademark and its related assets. The transaction is subject to regulatory approval.
"We look forward to completing this unique opportunity to leverage our distribution network in the Midwest," said Jeff Noddle, Supervalu's chairman and CEO. "We are excited to form new and valuable partnerships with retailers in this area, and remain dedicated to supporting independent grocers and their important position in the marketplace."