02/21/2007
Roundy's Said Shopping Itself
MILWAUKEE - On the heels of a major announcement that it will enter the Chicago marketplace with as many as a dozen locations in the next four years, Roundy's Supermarkets Inc. here is said to be seeking a possible buyer, the Wall Street Journal Online reported Wednesday.
Citing "people familiar with the matter," the WSJ online report said Roundy's could sell for as much as $2 billion based on the value of some recent supermarket chain deals.
A Roundy's spokeswoman did not immediately returns calls from Progressive Grocer seeking further information.
Roundy's is owned by Willis Stein & Partners, a Chicago-based private equity firm that acquired the retailer/distributor in June 2002. The firm said on its Web site that it generally invests in growing acquired companies for periods of four to seven years.
With nearly $4 billion in sales and 22,000 employees, Roundy's operates 153 retail grocery stores under the Pick 'n Save, Copps, Rainbow, and Metro Market names in Wisconsin, Minnesota, and Illinois.
Citing "people familiar with the matter," the WSJ online report said Roundy's could sell for as much as $2 billion based on the value of some recent supermarket chain deals.
A Roundy's spokeswoman did not immediately returns calls from Progressive Grocer seeking further information.
Roundy's is owned by Willis Stein & Partners, a Chicago-based private equity firm that acquired the retailer/distributor in June 2002. The firm said on its Web site that it generally invests in growing acquired companies for periods of four to seven years.
With nearly $4 billion in sales and 22,000 employees, Roundy's operates 153 retail grocery stores under the Pick 'n Save, Copps, Rainbow, and Metro Market names in Wisconsin, Minnesota, and Illinois.