SUPERVALU Named Primary Wholesaler and Services Provider by Marsh Supermarkets
July 05 2016 - 4:45PM
Business Wire
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 Everyday®.
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.
About Marsh
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160705006156/en/
SUPERVALU INC.For Investors:Steve Bloomquist,
952-828-4144Steve.j.bloomquist@supervalu.comorFor MediaJeff
Swanson, 952-903-1645Jeffrey.s.swanson@supervalu.com
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