Dive Brief:
- On Friday, a U.S Bankruptcy Court judge approved the acquisition of the 43 remaining Belle Foods Stores.
- The few remaining locations will be purchased by Associated Wholesale Grocers, according to details published by Supermarket News.
- AWG has agreed to pay a sum of $16.13 million for the remaining number of Belle Foods supermarkets.
Dive Insight:
After shopping around for offers, AWG was the sole bidder for the few remaining storefront locations. The company is expected to close several locations but intends to operate around 30 of the stores.