TITLE

Balducci's Changes Hands

AUTHOR(S)
MacFadyen, Ken
PUB. DATE
April 2009
SOURCE
Mergers & Acquisitions Report;4/27/2009, Vol. 22 Issue 17, p11
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the sale of gourmet food retailer Balducci's by Irving Place Capital to an investor group led by Jim Demme. The acquisition includes several locations in the U.S. Irving Place originally acquired Balducci's as part of its acquisition of the Sutton Place Group. Demme has reportedly a long track record in the grocery sector. He previously served as chairman of Penn Traffic Co. in addition to Kings Supermarkets.
ACCESSION #
44127753

 

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