M&A Deal Summary

Sobeys Acquires Canada Safeway

On June 12, 2013, Sobeys acquired retailer Canada Safeway from Safeway for 5.8B CAD

Acquisition Highlights
  • This is Sobeys’ 3rd transaction in the Retail sector.
  • This is Sobeys’ 0th largest (disclosed) transaction.
  • This is Sobeys’ 3rd transaction in Canada.
  • This is Sobeys’ 1st transaction in Manitoba.

M&A Deal Summary
Date 2013-06-12
Target Canada Safeway
Sector Retail
Buyer(s) Sobeys
Sellers(s) Safeway
Deal Type Divestiture
Deal Value 5.8B CAD

Target

Canada Safeway

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

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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 4 of 4
Sector (Retail) 3 of 3
Type (Divestiture) 2 of 2
State (Manitoba) 1 of 1
Country (Canada) 3 of 3
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-16 Thrifty Foods

Stellarton, United Kingdom

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

Buy $260M

Seller(S) 1

SELLER

Safeway

Pleasanton, California, United States
Category Company
Founded 1926
Sector Retail
Employees138,000
Revenue 36.1B USD (2013)
DESCRIPTION

Safeway Inc., which operates Safeway, Vons, Pavilion’s, Randall’s, Tom Thumb, and Carrs stores, is a Fortune 100 company and one of the largest food and drug retailers in the United States with sales of $36.1 billion in 2013. The company operates 1,335 stores in 20 states and the District of Columbia, 13 distribution centers and 20 manufacturing plants.

DEAL STATS #
Overall 1 of 2
Sector (Retail) 1 of 2
Type (Divestiture) 1 of 2
State (Manitoba) 1 of 1
Country (Canada) 1 of 1
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-07 Carr-Gottstein Foods

Anchorage, Alaska, United States

Carr-Gottstein Foods Co. is a grocery retailer serving the state of Alaska.

Buy $330M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-03 Dominick s Supermarkets

Northlake, Illinois, United States

Dominick's Supermarkets, Inc is a grocery store chain it provides products like Bakery, dairy, deli, frozen foods, general grocery, meat, pharmacy, produce, seafood, snacks, liquor.

Sell -
Mergr

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