Unified Grocers
Retail (Supermarket) | |
Founded | 1922[1] |
---|---|
Fate | Merged with SuperValu |
Revenue | Approx. $3.8 billion (2016)[1] |
Unified Grocers, originally Unified Western Grocers, was a retailer-owned wholesale grocery
Unified Grocers was the largest retailer-owned wholesaler in the western United States. They served more than 3,000 retail stores and recorded annual sales over $4 billion in 2009.[3] There were over 500 co-op members and customers.[citation needed]
In April 2017, the company announced that it had entered into a merger agreement with SuperValu, in which SuperValu would acquire Unified Grocers, at a cost of around $375 million.[1] Unified is now a wholly owned subsidiary of SuperValu. The transaction was completed on June 23, 2017.[1] Bob Ling who was the CEO at the time took a multimillion-dollar payout after his expansion of Haggen grocery stores was one of the most colossal failures in the history of the grocery industry.
References
- ^ The Business Tribune. Portland, Oregon. p. 11. Retrieved 2017-04-24.
- ^ Steve, Wilhelm; Lamm, Greg (May 15, 2009). "The Insider". Puget Sound Business Journal. Retrieved December 8, 2009.
- ^ Unified Obtains an Additional $25 Million of Long-Term Debt. Benzinga. 12 Nov. 2009.