Executives Buy Out No Frills Chain

OMAHA, Neb. — No Frills Supermarkets here has reached an agreement to sell the company to a group of seven of the chain’s executives, the company said yesterday. Terms of the transaction, which was advised by The Food Partners and is slated close by early summer, were not disclosed. Richard Juro, chairman and chief executive officer, said he was glad to be able to leave the chain under control of local ownership: “The members of this management team truly understand the No Frills legacy of great prices and quality service,” he said. The buyers are: Fred Witecy, president and COO; Steve Moskovits, controller; Lonnie Eggers, VP-marketing; Kevin Hennessy, VP-perishables; Joe Bosco, director of human resources; Bill Brewer, director of IT; and Calvin McWilliams, director of operations.

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