Mergers and acquisitions


Apollo Funds to Acquire Cardenas Markets

Once the deal is completed, Cardenas will be combined with Tony’s Fresh Market, which Apollo acquired in April; the companies will continue to operate under their respective brands and local leadership.


SpartanNash Buys Three-Store Michigan Grocery Chain

Shop-N-Save Food Centers was a longtime SpartanNash distribution customer; SNS stores have been rebranded as Family Fare locations.

The deal, expected to close by mid-July, will expand Cardenas' presence in Southern California.

The purveyor of functionality-focused beverages (and carrots) said the acquisition of Starbucks' Evolution Fresh brand extends its commitment to offering "high-quality, nutrient-dense juices."

Cencosud, with funds managed by an Apollo Global Management affiliate, will acquire a 67% stake in The Fresh Market Holdings, which operates 160 grocery stores in 22 states.

With the acquisition of Brady’s Meats & Foods in Fremont, Neb., Cubby’s now has seven supermarkets under its belt. "Grocery is an important category for us as we grow the company," COO Mike Wilson said.

Grubhub's order volumes and transaction values were down 5% year over year in the first quarter, and an activist investor has been urging the business' sale to a major online grocery player.

The grocery retailer has been family-owned and operated since its founding more than 40 years ago, and the founding family will partner with Apollo, both in management roles and as shareholders, going forward.

Data firms will combine CPG, general merchandise, foodservice and food consumption data capabilities.

Kingswood Capital Management LP, a Los Angeles-based private equity firm, has acquired the Modesto, Calif.-based grocer.

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