Grocery Outlet to acquire United Grocery Outlet for $62 million

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Grocery Outlet to acquire United Grocery Outlet for $62 million

By: market watch Posted On: February 15, 2024 View: 36

Grocery Outlet Holding GO plans to acquire Southern value grocer United Grocery Outlet for $62 million.

The Emeryville, Calif.-based company said that the deal would come with 40 stores and a distribution center and would expand Grocery Outlet’s presence into Tennessee, North Carolina, Georgia, Alabama, Kentucky and Virginia.

The company said...

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