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PARIS - Smart & Final Inc., the U.S. arm of French retailer Casino Guichard-Perrachon et Cie. SA, plans to sell its Florida operations to Gordon Food Service of the U.S., Casino said today.
Financial terms will be announced once the deal is closed, according to Casino. The transaction is subject to due diligence investigations by Gordon Food Service and the negotiation of a definitive agreement, Casino said.
Smart & Final operates 14 warehouse grocery stores in Florida, and owns foodservice delivery company Henry Lee Company, according to the company's Web site.