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Giant-Carlisle completes acquisition of Genuardi’s stores in Philadelphia

BY CSA STAFF

AMSTERDAM — A division of Ahold USA has completed its acquisition of stores in the greater Philadelphia area.

Giant-Carlisle officially closed its acquisition of 15 Genuardi’s stores, a subsidiary of Safeway. The deal was previously announced in January and was approved by the Federal Trade Commission last month.

As previously reported, during the conversion process, five stores at a time will temporarily close for about a week. The three-phase staggered approach is expected to be completed on July 22.

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Darden Restaurants to acquire Yard House USA

BY Staff Writer

Orlando, Fla. — Darden Restaurants announced that it has agreed to acquire Yard House USA, Inc. for $585 million in an all-cash transaction from private equity firm TSG Consumer Partners LLC. Yard House operates 39 restaurants in 13 states.

The brand will become part of Darden’s Specialty Restaurant Group, which includes The Capital Grille, Bahama Breeze, Seasons 52 and Eddie V’s.

"With this addition, Darden’s Specialty Restaurant Group will have nearly $1 billion in annual sales and be even better positioned to sustain annual sales growth of 15% to 20% for years to come," said Clarence Otis, chairman and CEO of Darden.

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Do it Best breaks ground on new DC

BY Staff Writer

Sikeston, Mo. — Do it Best Corp. has broke ground in Sikeston, Mo., at the site of what will be the co-op’s newest and most technologically advanced distribution center.

In addition to increased size, the new center will feature a number of new technological advances and initiatives, including a new voice pick system, which has virtually eliminated order filling errors and will help maximize workflow.

Officials expect the center to be complete and operational by 2014. It will serve Do it Best Corp. member-owners in Alabama, Arkansas, Illinois, Indiana, Iowa, Kansas, Kentucky, Mississippi, Missouri, Nebraska and Tennessee.

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