PHOENIX -- After years of moving on and off the sales block, Smitty's Super Valu here is being sold by Steinberg International, Montreal, to Yucaipa Cos. Yucaipa, based in Claremont, Calif., will pay $141 million for the 28-store chain, including $70 million in cash and $71 million in repayment and assumption of debts. The deal is expected to close in late June. Smitty's annual sales volume is about $600 million, Yucaipa executives said. Yucaipa is a private investment firm that is the ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, 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 grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.