Associated Grocers of New England held its 66th annual meeting last month and hallmarked a number of firsts for the company.
Mike Bourgoine, AG New England President and CEO, reported to those in attendance that the company ended its fiscal year with record-breaking sales of $458 million, representing a $76 million increase over the prior year. Returns to co-op members increased nearly $1 million over the prior year to $5,783,345.
The record-breaking increases were due in part to a large number of stores formerly supplied by AG of Maine that closed in 2011, as well as increased sales by many stores overall.
Associated Grocers of New England is owned entirely by independent retail grocers as members of a cooperative and is the largest retailer-owned, wholesale grocery distribution center in New England. The cooperative serves independent retail food stores in Maine, Connecticut, Rhode Island, Massachusetts, New Hampshire, Vermont and the Upstate New York Albany area.
In the featured photo at top: AG Retail Accounts Manager Ray Choate and SVP, treasurer and CFO Steve Murphy with Marty Beattie of Marty’s 1st Stop in Danville, Vt.
See the complete story in August edition of The Shelby Report of the Northeast.