Grocery wholesalers sign
asset purchase contract
Aug 6, 2007 10:15 AM
Unified Grocers Inc has agreed to purchase certain assets and assume certain liabilities of Associated Grocers Inc. Terms of the agreement were not disclosed.
This asset purchase agreement is a milestone in the process that began May 7, 2007, with the announcement of a letter of understanding between the two firms. AGís shareholders must approve the transaction before it can be completed.
AG is a wholesaler supplying food, non-food, general merchandise, and retail services to stores in Washington, Oregon, Alaska, Hawaii, Guam, and the Pacific Rim. Unified is a retailer-owned wholesale grocery distributor that supplies independent retailers in the western United States.
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