MINNEAPOLIS--(BUSINESS WIRE)--Jul. 5, 2016--
SUPERVALU INC. (NYSE: SVU) today announced it has entered into a
long-term supply agreement with Indiana-based Marsh Supermarkets to
serve as its primary grocery wholesaler and to provide certain
professional services to the grocery chain. Founded in 1931 and
headquartered in Indianapolis, Indiana, Marsh operates approximately 70
Marsh Supermarkets and O’Malia Food Markets across Indiana and Ohio, and
38 pharmacy locations.
“Marsh Supermarkets is a terrific grocery chain that has served
customers and communities across Indiana and Ohio for 85 years,” said
Mark Gross, SUPERVALU President and CEO. “Their shoppers have come to
expect quality, value and a great fresh experience and we’re pleased
Marsh has entrusted us for this business going forward. This is a
wonderful opportunity for us to combine both our wholesale and logistics
experience with our professional service offerings to deliver a
comprehensive solution for them.”
In its role as primary wholesaler, SUPERVALU will supply all Marsh
Supermarkets and O’Malia Food Markets with traditional product
categories including produce, meat, deli, bakery, seafood, grocery,
frozen foods and dairy. Additionally, Marsh customers will benefit from
SUPERVALU’s comprehensive private brand offering, including its three
popular grocery brands, Wild Harvest®, Culinary Circle®, and Essential
Additionally, SUPERVALU will provide certain professional services and
merchandising support to Marsh, including advanced merchandise planning,
strategic retail pricing analysis, and shelf management programs. Marsh
will also benefit from SUPERVALU’s new SV Insights business intelligence
tool and mobile order entry system.
“It’s great to see this growth in our wholesale business, and I’m also
excited about what this means for the growth in our broad services
offering,” Gross added.
The transition of stores is expected to be completed by approximately
the end of September.
Marsh is an Indiana company that has served customers for 85 years.
Marsh has over 5,000 associates and operates approximately 70 Marsh
Supermarkets and O’Malia Food Markets in Indiana and Ohio, with 38
Indiana pharmacy locations.
About SUPERVALU INC.
SUPERVALU INC. is one of the largest grocery wholesalers and retailers
in the U.S. with annual sales of approximately $18 billion. SUPERVALU
serves customers across the United States through a network of 3,588
stores composed of 1,796 independent stores serviced primarily by the
Company’s food distribution business; 1,360 Save-A-Lot stores, of which
897 are operated by licensee owners; and 200 traditional retail grocery
stores (store counts as of February 27, 2016). Headquartered in
Minnesota, SUPERVALU has approximately 40,000 employees. For more
information about SUPERVALU visit www.supervalu.com.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE
PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995.
Except for the historical and factual information contained herein,
the matters set forth in this news release, particularly those
pertaining to SUPERVALU’s expectations, guidance, or future operating
results, and other statements identified by words such as “estimates,”
“anticipates,” “expects,” “projects,” “plans,” “intends” and similar
expressions are forward-looking statements within the meaning of the
"safe harbor" provisions of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially,
including uncertainties as to the timing of the transition of the Marsh
stores and the resulting business impacts of this new supply agreement.
You should not place undue reliance on these forward-looking statements,
which speak only as of the date of this news release. Unless legally
required, SUPERVALU undertakes no obligation to update or revise
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160705006156/en/
Source: SUPERVALU INC.
Jeff Swanson, 952-903-1645