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Schnuck Markets has agreed to acquire 19 Shop ‘n Save supermarkets in the St. Louis market from Supervalu Inc.
Financial terms of the deal, announced late Monday, weren’t disclosed. Schnucks and Supervalu said the sale of the stores — 14 in Missouri and five in Illinois — will be staggered and start on Oct. 7. The transaction is expected to close in late October.
Also under the deal, Schnucks will acquire four of Shop ‘n Save’s seven fuel centers as well as 16 Shop ‘n Save pharmacies. Fifteen of the pharmacies are inside Shop ‘n Save stores, and the other is a stand-alone pharmacy in Union, Mo. Schnucks is also buying the prescription files for 10 other Shop ‘n Save in-store pharmacies and will transfer those prescriptions to nearby Schnucks stores.
In connection with the sale, Schnucks also has entered a primary distribution agreement with Supervalu for nine current Schnucks supermarkets in northern Illinois, Iowa and Wisconsin.
“Schnucks is proud to be growing in our hometown of St. Louis, excited about the opportunity to serve new customers and looking forward to welcoming the employees at these 19 stores to
Schnucks,” Todd Schnuck, chairman and CEO of St....