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M&A Deal Summary

Sobeys Acquires Thrifty Foods

On July 16, 2007, Sobeys acquired retailer Thrifty Foods for 260M USD

Acquisition Highlights
  • This is Sobeys’ 2nd transaction in the Retail sector.
  • This is Sobeys’ 2nd largest (disclosed) transaction.
  • This is Sobeys’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2007-07-16
Target Thrifty Foods
Sector Retail
Buyer(s) Sobeys
Deal Type Add-on Acquisition
Deal Value 260M USD

Target

Thrifty Foods

Stellarton, United Kingdom
Jace Holdings Ltd. is a grocery retailer provides broad range of organic and other innovative food products.

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Buyer(S) 1

Buyer

Sobeys

Stellarton, Nova Scotia, Canada
Category Company
Founded 1907
Sector Retail
DESCRIPTION

Sobeys, Inc. is an own and operator of more than 1,500 stores in all 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton’s Drug Stores as well as more than 330 retail fuel locations.

DEAL STATS #
Overall 3 of 4
Sector: Retail M&A 2 of 3
Type: Add-on Acquisition M&A Deals 2 of 2
Country: United Kingdom M&A 1 of 1
Year: 2007 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Achille de la Chevrotière Ltée

Rouyn-Noranda, Quebec, Canada

Achille de la Chevrotière Ltée is a retailer of food products. Achille de la Chevrotière Ltée is based in Rouyn-Noranda, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-12 Canada Safeway

Winnipeg, Manitoba, Canada

Canada Safeway Ltd. is a food retailer. Canada Safeway was founded in 1929 and is based in Winnipeg, Manitoba.

Buy CA$5.8B
Mergr

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