Loblaw Acquires T&T Supermarket

July 27, 2009
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Brampton, Ontario-based Loblaw Cos. announced its agreement to purchase T&T Supermarket Inc., Canada’s largest Asian food retailer, for CAN$225 million (US$228.1 million), with certain adjustments to be made at closing. Richmond, British Columbia-based T&T, which operates 17 stores in British Columbia, Alberta and Ontario, as well as four distribution centers (three in Vancouver and one in Toronto), offers a robust supply of Asian Food with an emphasis on fresh and ready-to-eat meals. Closing of the transaction is expected prior to the year’s end.

“We are delighted with this acquisition,” said Galen G. Weston, executive chairman at Loblaw. “T&T’s talented management team and colleagues have developed what we believe are the best Asian stores in Canada, which will be used to help Loblaw extend its ethnic offering to better serve Canada’s largest growing customer segment.”

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