Nash Finch Co., Roundy’s
dispute heads to court
Feb 22, 2008 9:11 AM
Efforts by food distributor Nash Finch Company and Roundy’s Supermarkets Inc. to resolve their disputes concerning Nash Finch’s 2005 acquisition of Roundy’s Lima OH and Westville IN distribution centers have failed. The matter has proceeded to litigation in the United States District Court for the Eastern District of Wisconsin.
Roundy’s filed a breach of contract suit Feb. 11, 2008, claiming Nash Finch violated terms of the asset purchase agreement by not paying about $7.9 million as a purchase price adjustment. Nash Finch has denied any additional money was due to Roundy’s and asserted counterclaims against Roundy’s for, among other things, breach of contract, misrepresentation, and breach of the implied covenant of good faith and fair dealing. In its counterclaims, Nash Finch is seeking damages of more than $18 million.
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