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ID NEWS: Fleming divides facilities among four buyers

By Restaurant Business Staff on Aug. 27, 2003
Wholesale-grocer giant The Fleming Companies, Dallas, has sold its core business to four buyers instead of the one originally announced buyer, C& S Wholesale Grocers, Brattleboro, VT, according to the Associated Press.

In addition to C&S (ID News, June 30, 2003), Fleming, which filed for Chapter 11 protection in April, buyers include Grocers Supply Co., Houston, Associated Grocers of Florida, and Associated Wholesale Grocers, Inc., Kansas City. Previously, Fleming had agreed to sell all wholesale-grocer facilities to C&S for $400 million.

In addition Peter S. Willmott, interim ceo, has stepped down and will be succeeded by Archie R. Dykes, chairman, who will work with a chief restructuring officer. Willmott will remain a director.

. . . . .
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