NEW ORLEANS -- In a move that will pump $14 million of funding into a cash-poor company, Schwegmann Giant Super Markets here has been acquired by Kohlberg & Co., Mount Kisco, N.Y., for an undisclosed sum.
Kohlberg's acquisition of 26 of the company's 28 stores, and the accompanying retirement of John F. Schwegmann as chief executive officer, ended family ownership of the 128-year-old company.
However, Schwegmann, grandson of the company's founder, will continue to own the real estate ...
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