M&A Deal Summary

Kroger Acquires Fred Meyer

On October 19, 1998, Kroger acquired retailer Fred Meyer for 13.0B USD

Acquisition Highlights
  • This is Kroger’s 1st transaction in the Retail sector.
  • This is Kroger’s 2nd largest (disclosed) transaction.
  • This is Kroger’s 1st transaction in the United States.
  • This is Kroger’s 1st transaction in Oregon.

M&A Deal Summary
Date 1998-10-19
Target Fred Meyer
Sector Retail
Buyer(s) Kroger
Deal Type Merger
Deal Value 13.0B USD

Target

Fred Meyer

Portland, Oregon, United States
website
Fred Meyer Inc. is a West-Coast US-regional grocery store chain. It is the parent of Ralphs, Food 4 Less, Hughes and other stores.

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Buyer(S) 1

Buyer

Kroger

Cincinnati, Ohio, United States

website

Category Company
Founded 1883
Sector Retail
Employees500,000
Revenue 137.9B USD (2022)
DESCRIPTION

Kroger operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores throughout the United States under a variety of brands. The Kroger was formed in 1883 and is based in Cincinnati, Ohio.

DEAL STATS #
Overall 1 of 13
Sector (Retail) 1 of 7
Type (Merger) 1 of 2
State (Oregon) 1 of 1
Country (United States) 1 of 13
Year (1998) 1 of 1
Size (of disclosed) 2 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Baker s Supermarkets

Omaha, Nebraska, United States

Baker's Supermarkets is an online retailer of various products.

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