Business/Finance

Acme supermarkets sold in $3.3 billion deal

Friday, January 11, 2013

Parent company SuperValu is selling Acme and several other grocery store chains in a super-sized $3.3 billion deal.

An investor group led by Cerberus Capital Management has bought 877 stores, which includes every Acme location.

The group will acquire the stores for $100 million in cash, and the new company will assume $3.2 billion in existing debt.

The deal also includes four other grocery chains not found in our area - Albertsons, Jewel-Osco, Shaws and Star Market.

SuperValu will be keeping its Save-A-Lot stores and Shop n' Save brand.

The Associated Press contributed to this report.

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