In 1963, the company acquired the Food Marketing Corporation of Fort Wayne, Indiana, which traced its roots to the early 1800s, as Bursley & Company. The acquisition of Food Marketing brought Supervalu into the institutional market. George W. McKay, The President of Food Marketing, joined Supervalu as an Executive Vice President and later as President and Chief Executive Officer of Supervalu in 1970.
In 1971, the discount chain ShopKo was acquired by Supervalu, Inc., and was spun-off in 1991 to form a separate, publicly traded company. Supervalu retained a 46% interest in the new company, which Shopko later purchased in 1997.
In 1975, Supervalu acquired Hornbacher's (sale to Cerberus pending)
In 1980, the company acquired Minnesota-based Cub Foods, which operated five stores in the Twin Cities area. As of 2011, Cub is operating more than 73 stores in Minnesota and Illinois.
In the early 1990s, Supervalu started acquiring several chains such as Scott's Food & Pharmacy in 1991, Wetterau, Inc. and its holdings Shop 'n Save and Save-A-Lot in 1992, and bigg's in 1994. Scotts & Biggs have been divested. Biggs was sold to Remke Markets and Kroger bought Scotts.
In 1999, Supervalu acquired Richfood Holdings for $1.5 billion dollars, adding a mid-atlantic distribution presence and stores including Farm Fresh Food & Pharmacy, Shoppers Food & Pharmacy, and Metro.
On January 23, 2006, Supervalu announced that it, along with CVS Corporation and a collection of investors led by Cerberus Group, agreed to acquire Albertsons, Inc. for $9.7 billion. The acquisition was completed on June 2, 2006.
Supervalu acquired over 2150 stores in the deal including:
- Acme (134 locations) (sold to Cerberus )
- Acme Express, Jewel Express, and Albertsons Express (107 fuel centers) (units were divested to various operators)
- Albertsons (564 locations) (sold to Cerberus)
- Bristol Farms (15 locations) (later sold off)
- Jewel and Jewel-Osco (198 locations sold to Cerberus)
- Lazy Acres Market (1 location) (later sold off)
- Max Foods (3 locations) (later rebranded Lucky)
- Osco Pharmacy and Sav-on Pharmacy (906 pharmacies) (Standalones sold to CVS)
- Save-A-Lot (2 locations franchised by Shaw's)
- Shaw's (188 locations) (sold to Cerberus)
- Star Market (20 locations) (7 re-branded Shaw's) (sold to Cerberus)
Other articles related to "acquisitions, acquisition":
... Acquisition date Company Business Country Value (USD) References 01999-11-15November 15, 1999 Layer Five, Palo Alto, CA ...
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... Almost all the acquisitions made in the years 2006–2008 included biotech companies from the feed/food and nutrition area. 2007 was characterized by a consolidation of the acquisitions made in the previous year ... continued, flanked by small and mid-size acquisitions as for example the German company amaxa ...