Mergers & Acquisitions

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Mergers & Acquisitions

Grocer saw elevated foot traffic

Gordy's Market selling more stores

Wis.-based grocer already sold 3 locations

Deal adds 7 stores in Phoenix area

Deal worth almost $4.4 billion

Louisiana stores purchased with South Korean partner

Currently in NYC, pilot will expand to other cities next year

CPG industry legend played key role in merger

U.S. sales, margins experienced growth

Deal expected to close in December

Newly merged company moves to open more stores, expand to new markets

Locations are reportedly close to existing supermarkets run by grocer

Amazon ownership could question smaller-format concept's future

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