M&A Deal Summary

Loblaw Companies Acquires T&T Supermarket

On July 24, 2009, Loblaw Companies acquired retailer T&T Supermarket for 225M USD

Acquisition Highlights
  • This is Loblaw Companies’ 1st transaction in the Retail sector.
  • This is Loblaw Companies’ 3rd largest (disclosed) transaction.
  • This is Loblaw Companies’ 1st transaction in Canada.
  • This is Loblaw Companies’ 1st transaction in British Columbia.

M&A Deal Summary
Date 2009-07-24
Target T&T Supermarket
Sector Retail
Buyer(s) Loblaw Companies
Deal Type Add-on Acquisition
Deal Value 225M USD
Advisor(s) TD Securities (Financial)

Target

T&T Supermarket

Richmond, British Columbia, Canada
T&T Supermarket Inc. is a Canada's largest Asian food retailer with 17 stores throughout the country. T&T strives to provide Asian families with their favourite and familiar foods, while introducing the wide variety of Asian cuisine to Canada's multicultural society. T&T's core value is freshness, delivered through signature departments such as its in-house bakery, live seafood department, Asian gourmet deli, and an immense selection of fresh produce and grocery items from around the world.

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Buyer(S) 1

Buyer

Loblaw Companies

Brampton, Ontario, Canada
Category Company
Founded 1919
Sector Retail
Employees220,000
Revenue 59.5B CAD (2023)
DESCRIPTION

Loblaw Companies is a provider of grocery, pharmacy, health and beauty, apparel, general merchandise, banking, and wireless mobile products and services in Canada and the United States. Loblaw Companies was incorporated in 1919 and is based in Brampton, Canada.

DEAL STATS #
Overall 1 of 6
Sector (Retail) 1 of 2
Type (Add-on Acquisition) 1 of 5
State (British Columbia) 1 of 2
Country (Canada) 1 of 6
Year (2009) 1 of 1
Size (of disclosed) 3 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-28 Shoppers Drug Mart

Belleville, Ontario, Canada

Shoppers Drug Mart is a full-service retail drug stores operating under the name Shoppers Drug Mart (Pharmaprix® in Québec). Founded in 1962 by Toronto pharmacist Murray Koffler, the Company has grown to a network of more than 1,307 Shoppers Drug Mart/Pharmaprix stores across Canada. These conveniently located stores are owned and operated by the Company’s licensed Associate-owners who have helped build a brand that is synonymous with exceptional service, value and trust. The Company also licenses or owns more than 49 medical clinic pharmacies operating under the name Shoppers Simply Pharmacy (Pharmaprix Simplement Santé in Québec) and five luxury beauty destinations operating as Murale.

Buy $6.6B
Mergr

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