Texas retailer United Supermarkets of Lubbock is to join the Illinois-based buying group Topco Associates.
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“We are very pleased to welcome United Supermarkets to the Topco family,” said Steve Lauer, president and CEO of Topco. “They are a well-respected company and will further enhance our aggregation power for the benefit of all our members.”
United Supermarkets is a family-owned company, operating in north and west Texas, with annual sales of approximately US$1.1bn. It operates 46 stores under three formats, United Supermarkets, the whole health and gourmet retailer Market Street, and the international format Super Mercado.
Dan Sanders, CEO of United Supermarkets, said: “We look forward to working with Topco’s outstanding procurement organisation, which will enable us to continue our tradition of offering high levels of service while providing quality products at competitive prices.”
Topco’s member-owners have collective sales volumes in excess of $110bn, while the group itself has a turnover of $7.3bn.
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By GlobalData
