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SuperValu completes acquisition of Florida-based distributor

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SuperValu completes acquisition of Florida-based distributor

Minnesota-based grocery retailer SuperValu Inc. said Dec. 8 that its purchase of distributor Associated Grocers of Florida Inc. has been completed, with the transaction valued at about $193 million.

This marks the company's second completed acquisition this year after a deal for Unified Grocers Inc. valued at $390 million closed June 23. SuperValu said the purchases were part of its efforts to strategically invest in growing its wholesale business.

It added that Christopher Miller, formerly president of Associated Grocers, will continue working in a similar role as president of SuperValu Florida.