SOBEY'S TO PURCHASE COMMISSO'S FOOD MARKETS
By Adnews Staff
Grocery retailer Sobey's of Stellarton, NS, is set to buy Commisso's Food Markets of St. Catharines, ON, and Commisso's Grocery Distributors for $65 million. The deal, which will close early next year, includes 15 grocery stores, six outlet stores and a wholesale business and distribution centre, all located in southern Ontario. In a separate deal, Crombie Leaseholds will purchase six real estate properties from Commisso's Properties for $42 million. Each property includes an existing Commisso's retail store. This deal is also expected to close in early 2004.
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