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Supervalu Inc. has entered into a stock purchase agreement to sell its Total Logistic Control subsidiary to transport solutions company Ryder System Inc.
The sale of TLC – which provides logistics and supply chain management solutions to manage distribution, warehousing and transportation operations for leading food, beverage and consumer packaged goods companies – is expected to close Dec. 31. TLC will be purchased by Ryder Integrated Logistics Inc., the supply chain solutions division of Ryder System, a provider of integrated logistics and transportation solutions.
“TLC has been a strong and growing part of our supply chain services organization,” said Janel Haugarth, Supervalu EVP and president and COO of the grocer’s supply chain services. The sale “positions TLC to become part of a company that will take them to the next level of expansion and growth in their field of expertise servicing CPG companies,” Haugarth said. “Supervalu will continue to focus its efforts on becoming ‘America’s Neighborhood Grocer’ and providing supply chain expertise and services to our independent and owned stores.”
Ryder intends to retain the current TLC management and associate base, who will continue to serve clients without disruption.
With sales of $38 billion, Minneapolis-based Supervalu Inc. operates 4,280 stores, encompassing 1,160 traditional retail stores, including 813 in-store pharmacies; 1,210 hard-discount stores, of which 876 are operated by licensee owners; and 1,910 independent stores serviced primarily by the company's traditional food distribution business.