On Friday, SUPERVALU (NYSE: SVU) announced it has successfully completed the acquisition of Unified Grocers. The company’s intention to acquire Unifier Grocers was made public in April of this year. The transaction is valued at 390 million dollars with 140 million in cash to current Unified Grocers shareholders. The remaining $276 million will see SUPERVALU assuming and paying off the Unified Grocer’s net debt. Unified Grocers was founded in 1922.
The company, which is currently headquartered in Commerce, California, is the largest retailer-owned wholesale in the western United States. In 2009, it was estimated that the company served more than 3,000 stores and brought in sales of over 4 billion dollars. Now that the acquisition is finalized, Unified will operated as a wholly-owned subsidiary of SUPERVALU. The two organizations combined sales of roughly 16 billion dollars in 2016. Together, they operate 24 distribution centers and supply more than 3,000 stores across 46 states.