M&A Deal Summary

Richfood Holdings Acquires Farm Fresh

On September 10, 1997, Richfood Holdings acquired retailer Farm Fresh for 223M USD

Acquisition Highlights
  • This is Richfood Holdings’ 1st transaction in the Retail sector.
  • This is Richfood Holdings’ largest (disclosed) transaction.
  • This is Richfood Holdings’ 1st transaction in the United States.
  • This is Richfood Holdings’ 1st transaction in Virginia.

M&A Deal Summary
Date 1997-09-10
Target Farm Fresh
Sector Retail
Buyer(s) Richfood Holdings
Deal Type Add-on Acquisition
Deal Value 223M USD

Target

Farm Fresh

Norfolk, Virginia, United States
Farm Fresh, Inc. is a grocery store chain based in Norfolk, Virginia.

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Buyer(S) 1

Buyer

Richfood Holdings

Glen Allen, Virginia, United States
Category Company
Founded 1987
Sector Retail
Revenue 1.8B USD (1998)
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 2
Sector (Retail) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Virginia) 1 of 1
Country (United States) 1 of 2
Year (1997) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-04-09 Dart Group

Landover, Maryland, United States

Dart Group is comprised of Shoppers Food Warehouse, a 100% owned chain of 37 price-impact supermarkets operating in the Greater Washington, D.C. market; Trak Auto, a publicly owned retailer of auto parts, 67% owned by Dart; Crown Books, a publicly owned retailer of popular books, 52% owned by Dart; and Total Beverage, a 100% owned discount beverage retailer based in Washington, D.C.

Buy $207M
Mergr

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