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April 1, 2005

USA: Nash Finch completes strategic acquisition

US food distributor Nash Finch has said it has completed the strategic purchase from Roundy's of the net assets, including customer contracts, of the wholesale food distribution divisions in Westville, Indiana, and Lima, Ohio, and two retail stores in Ironton and Van Wert, Ohio, for approximately US$225m.

US food distributor Nash Finch has said it has completed the strategic purchase from Roundy’s of the net assets, including customer contracts, of the wholesale food distribution divisions in Westville, Indiana, and Lima, Ohio, and two retail stores in Ironton and Van Wert, Ohio, for approximately US$225m.

The Westville and Lima Divisions represent approximately $1.0bn in annual food distribution sales. Nash Finch said it does not expect to have to close any facilities as a result of the deal, due to the strategic fit of these distribution centres into its existing network.

“We are very pleased that this purchase is complete and we look forward to a smooth transition,” said Ron Marshall, chief executive officer.

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