Nash Finch Co, Roundy’s
reach settlement of suit
Sep 19, 2009 2:14 PM
Nash Finch Company has entered into a settlement agreement with Roundy’s Supermarkets Inc that resolves the lawsuit filed in 2008 related to Nash Finch’s 2005 acquisition of two Roundy’s distribution centers.
Under terms of the settlement, Nash Finch and Roundy’s Supermarkets agreed to dismiss their claims against the other, in exchange for a release of claims. Neither Nash Finch nor Roundy’s Supermarkets is required to make any payments to the other as part of the agreement.
“We are pleased to put this dispute behind us and continue our focus on serving the needs of our customers, including the valued customers who joined the Nash Finch family through this acquisition,” said Alec Covington, chief executive officer and president of Nash Finch.
Nash Finch’s core business, food distribution, serves independent retailers and military commissaries in 36 states, the District of Columbia, Europe, Cuba, Puerto Rico, the Azores, and Egypt. The company also owns and operates a base of retail stores, primarily supermarkets under the Econofoods, Family Thrift Center, AVANZA, and Sun Mart trade names.
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