News

Independent Grocers Seek to Purchase 10 Dominick's

December 19, 2013

Independent grocery chains affiliated with the Centrella cooperative are in negotiations to buy as many as 10 Dominick's stores, according to a report by chicagobusiness.com.

The group has hired food industry investment banker David Schoeder to negotiate the package deal with Dominick's parent Safeway Inc., which announced in October it would leave the Chicago market.


Centrella grocers looking to open stores in soon-to-close Dominick's around the region include Tony's Finer Foods, Treasure Island and Strack & Van Til, among others, according to chicagobusiness.com.


Jewel-Osco, meanwhile, is suspending plans to snap up additional Dominick's on the market here. The firm, owned by private-equity firm Cerberus Capital Management LP, is no longer looking to buy additional Dominick's stores that are currently open, said an Itasca-based spokeswoman for Jewel.

Earlier this month, Roundy's Inc. announced a $36 million deal for 11 Dominick's. Jewel-Osco has purchased four.
 

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