NEW YORK -- With its pending acquisition of Bruno's, Birmingham, Ala., Kohlberg Kravis Roberts & Co. here continues to view the food industry as a strong investment. Since 1981, KKR has invested $300 million worth of equity in the industry, beginning with Fred Meyer Inc., Portland, Ore., in 1981; Safeway, Oakland, Calif., in 1986, and Stop & Shop Cos., Boston, in 1988. It expects to conclude its merger with Bruno's next month -- with an acquisition of 83% of Bruno's stock -- at a ...

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