Report: Grocery Cooperative Central Grocers To Be Sold

Central Grocers Food Show sign

Central Grocers reportedly will be sold. According to The Chicago Tribune, an April 18 lawsuit filed in federal court by Teamsters Local 703 alleges that the Joliet, Illinois-based cooperative has signed a letter of intent to “sell its operations and/or facilities.”

The newspaper also reports that co-op members received a letter in February from Central Grocers stating that its board of directors had hired New York-based Peter J. Solomon Co., an investment banking advisory firm, to consult.

This comes on the heels of news that Central Grocers plans to sell 22 Strack & Van Til stores and close nine Ultra Foods locations, as first reported by the Northwest Indiana Times.

Jeff Strack, president and CEO of the grocery chain, said in an April 18 letter to employees that Central Grocers was working with advisors to implement a sale of most Strack & Van Til stores as going concerns.

The Ultra Foods stores that will close are located in Gary and Merrillville, Indiana, and Lansing, Crestwood, Wheaton, Joliet, Chicago Heights, Calumet Park and Forest Park, Illinois.

About The Author

An eight-year employee of The Shelby Report who writes for and about food. In previous lives, she worked at a police department in Texas and an amusement park in Arkansas. She also was a newspaper publisher for more than a decade. Not sure which of those qualified her for this job.

3 Comments

  1. Mark Wetzig

    Current management mismanaged the Strack and Ultra store and caused so much financial damage that now there are 500 families going to be out of work. The justice department or FBI should investigate why a 2 billion a year company goes out of business after 100 years over 200 million in debt. Someone should go to jail.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *