Associated Wholesalers, a regional cooperative food distributor, today announced that it has obtained Court approval for the acquisition of AWI by C&S Wholesale Grocers, the largest wholesale grocery supply company in the U.S. Under the terms of the approved agreement, C&S will purchase AWI and substantially all of its subsidiaries, including its White Rose distribution business. The Company expects to close the transaction in early November.
Matt Saunders, President and Chief Executive Officer of AWI said, “We are pleased to receive Court approval for the sale of AWI and White Rose to C&S. The auction process was robust and competitive and we believe that the winning bid from C&S is in the best interest of AWI and its stakeholders. C&S shares AWI’s commitment to providing customers and independent stores great deals on products and on helping them grow their businesses. AWI will further enhance C&S’s position as the leading wholesale grocery supply company and we look forward to completing the sale. I would like to thank AWI and White Rose employees whose continued hard work and dedication enabled us to move through this process.”
Until the transaction closes, AWI and White Rose will continue to operate independently of C&S. AWI and White Rose intend to continue operating in the ordinary course and to continue providing customers with the lowest cost goods and services.