Grocery chain Sobeys has reached an agreement to purchase all of the food distribution assets of Achille de la Chevrotière Ltée and its associated distribution companies, called ADL.
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The Canadian firm will pay approximately CAD$82m (US$73.2m) for the businesses, comprising of 25 retail store operations, other wholesale supply agreements and distribution facilities in Rouyn-Noranda, with annual sales worth approximately $270m.
The transaction is expected to close during Sobeys’ second quarter and is subject to regulatory approval.
Sobeys now owns or franchises approximately 1,300 stores in all ten provinces under retail banners that include Sobeys, IGA extra, IGA and Price Chopper.
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