M&A Deal Summary

Kroger Acquires Harris Teeter Supermarkets

On January 28, 2014, Kroger acquired retailer Harris Teeter Supermarkets for 2.5B USD

Acquisition Highlights
  • This is Kroger’s 4th transaction in the Retail sector.
  • This is Kroger’s 3rd largest (disclosed) transaction.
  • This is Kroger’s 6th transaction in the United States.
  • This is Kroger’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2014-01-28
Target Harris Teeter Supermarkets
Sector Retail
Buyer(s) Kroger
Deal Type Add-on Acquisition
Deal Value 2.5B USD

Target

Harris Teeter Supermarkets

Matthews, North Carolina, United States
Harris Teeter Supermarkets, Inc. is a regional grocery chain.

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Buyer(S) 1

Buyer

Kroger

Cincinnati, Ohio, United States
Category Company
Founded 1883
Sector Retail
Employees500,000
Revenue 150.0B USD (2024)
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 6 of 14
Sector (Retail) 4 of 7
Type (Add-on Acquisition) 3 of 9
State (North Carolina) 1 of 1
Country (United States) 6 of 14
Year (2014) 1 of 3
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-15 Axium Healthcare Pharmacy

Lake Mary, Florida, United States

Axium Healthcare Pharmacy is a nationwide clinical specialty pharmacy provider with expertise in managing patients on complex therapies and specialty medication distribution. As one of the nation's leading specialty pharmacies, Axium Healthcare Pharmacy, Inc. provides comprehensive therapy-management programs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-11 You Technology

South San Francisco, California, United States

YOU Technology Brand Services, Inc. is a digital coupon and digital rebate publishing unit. Its cloud-based digital offer platform enables digital offers for redemption at Kroger and retailers in the US.

Buy -
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