WALLINGTON, N.J. -- Parmalat, the international food company with U.S. headquarters here, last week said it would purchase a 22.3% stake in NetGrocer.com, North Brunswick, N.J., for $30 million. The deal, set to close early next month, represents Parmalat's first foray into e-commerce and is believed by industry sources to be the largest ownership stake a food company has taken in an Internet grocery retailer. Executives from the companies told SN the deal would spark brand recognition and ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.