M&A Deal Summary

SUPERVALU Acquires Richfood Holdings

On June 10, 1999, SUPERVALU acquired retail company Richfood Holdings for 1.5B USD

Acquisition Highlights
  • This is SUPERVALU’s 3rd transaction in the Retail sector.
  • This is SUPERVALU’s largest (disclosed) transaction.
  • This is SUPERVALU’s 3rd transaction in the United States.
  • This is SUPERVALU’s 1st transaction in Virginia.

M&A Deal Summary

Date 1999-06-10
Target Richfood Holdings
Sector Retail
Buyer(s) SUPERVALU
Deal Type Add-on Acquisition
Deal Value 1.5B USD

Target

Richfood Holdings

Glen Allen, Virginia, United States
Richfood is the largest food distributor in the Mid Atlantic United States and one of the largest food retailers in that region. It operates two major distribution centers in Pennsylvania and Virginia and 93 supermarkets in Washington, Baltimore and Tidewater, Va.

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Buyer(S) 1

Buyer

SUPERVALU

Eden Prairie, Minnesota, United States

website


Category Company
Founded 1871
SectorRetail
Employees23,000
Revenue 14.0B USD (2018)
DESCRIPTION
Entrance to SUPERVALU's corporate headquarters in Eden Praire, Minnesota.
Entrance to SUPERVALU's corporate headquarters in Eden Praire, Minnesota.

SUPERVALU, Inc. is one of the largest grocery wholesalers and retailers in the U.S. SUPERVALU serves customers across the United States through a network of 3,437 stores composed of 3,323 wholesale primary stores operated by customers serviced by SUPERVALU's food distribution business and 114 traditional retail grocery stores in continuing operations operated under three retail banners in three geographic regions (store counts as of February 24, 2018). Headquartered in Minnesota, SUPERVALU has approximately 23,000 employees.


DEAL STATS #
Overall 3 of 11
Sector (Retail) 3 of 9
Type (Add-on Acquisition) 3 of 7
State (Virginia) 1 of 1
Country (United States) 3 of 11
Year (1999) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1991-06-29 Shopko

Green Bay, Wisconsin, United States

Shopko was a chain of retail stores include 137 namesake stores providing name-brand merchandise, pharmacy, and optical services in mid-sized to larger cities, 218 Pamida stores, 116 of which contain pharmacies and three ShopKo Express Rx stores, a new neighborhood drugstore concept.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-05 Total Logistic Control

Miami, Florida, United States

Total Logistic Control LLC is a provider of comprehensive supply chain solutions to food, beverage, and consumer packaged goods (CPG) manufacturers with significant supply chains in the U.S.

Buy $233M