As the successful bidder at a bankruptcy court approved auction, SUPERVALU acquired Central’s nearly 1 million square foot distribution facility located in Joliet, IL for approximately $61 million. Richard Cobb and Kerri Mumford led the LRC team in this matter.
SUPERVALU INC. is one of the largest grocery wholesalers and retailers in the U.S. with annual sales of approximately $14 billion. SUPERVALU serves customers across the United States through a network of 3,437 stores composed of 3,323 wholesale primary stores operated by customers serviced by SUPERVALU’s food distribution business and 114 traditional retail grocery stores in continuing operations operated under three retail banners in three geographic regions (store counts as of February 24, 2018). Headquartered in Minnesota, SUPERVALU has approximately 23,000 employees (in continuing operations).
For more information: Law360