Reily Foods plans to buy French Market coffee business
NEW ORLEANS Reily Foods Company yesterday announced that it has made an agreement with French Market Coffee to purchase the business.
Reily Foods, the maker and distributor of such grocery store staples as Blue Plate mayonnaise, CDM coffee and Luzianne teas, has not reported the sum of its buyout offer for the iconic New Orleans French Market Coffee brand. Reily Foods said that it expects its purchase to expand the French Market brand into numerous new markets.
Before it is complete, the acquisition must be voted on by shareholder. However, the transaction is expected to be finished by the end of the year, published reports said.
Both American Coffee, the company that started the French Market Coffee tradition, and Reily Foods, are family-owned companies that are more than 100 years old.
Cub Food hopes to spread environmental awareness with opening of ‘green’ grocery store
MINNEAPOLIS Cub Food is now operating the nation’s first “green” grocery store in St. Paul, the company said. The store is certified by the Leadership in Energy and Environmental Design and will save about $6,500 in energy costs per year.
To construct the store, builders used recycled materials and energy-efficient lights and fixtures. The store also has 44 solar-powered skylights and the parking lot is equipped with LED lights which have a lifetime of about 40 years.
Additionally, the outdoor landscaping will be irrigated using a system designed to conserve water and landscapers will plant drought-resistant plants around the store, Cub Food said.
Spartan expanding acquisition plans to cover VG’s stores in Michigan
GRAND RAPIDS, Mich. Spartan Stores on Monday announced that it has entered into a purchase agreement to acquire 17 retail grocery stores, including 15 pharmacies, from VG’s Food Center and VG’s Pharmacy, a privately held Fenton, Michigan-based retail grocery operator.
“We are very enthused to bring VG’s, a premier Michigan retail grocery operator, further into the Spartan Stores’ family,” stated Craig Sturken, Spartan chairman. This transaction follows our successful acquisitions of D&W Food Centers and Felpausch Food Centers. The VG’s stores serve communities in key Michigan markets where we have no retail presence. The Van Gilder family has been one of our best and most loyal distribution customers for nearly 50 years, and we are very proud of our long-standing relationship with them.”
Spartan expects the transaction to close near the end of its fiscal 2009 third quarter. Upon completion, the transaction is expected to increase annual retail segment sales by approximately $310 million, with annual consolidated sales increasing approximately $160 million, as VG’s is an existing distribution customer of Spartan’s.
The acquisition grows Spartan’s footprint to 101 retail supermarkets. Prior to the announcement Spartan Stores owned and operated 84 retail supermarkets in Michigan, including Family Fare Supermarkets, Glen’s Markets, D&W Fresh Markets and Felpausch Food Centers.