Grocery distributor buys convenience store supplier

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Grocers Supply Co., an Indianapolis-based wholesale distributor of grocery products, has purchased the assets of K Enterprises in Danville.

Terms of the deal were not disclosed.

Grocers Supply President Scott Weaver said K Enterprises, a wholesale distributor to independent convenience and liquor stores, was financially “distressed” and that his company bought the assets from its bank.

The addition of K Enterprises’ customers expands Grocers Supply’s clientele to more than 800 in five Midwestern states.

Founded in 1938, Grocers Supply has 80 employees and annual revenue of more than $60 million. Its 260,000-square-foot warehouse and headquarters is located on the west side near Interstates 70 and 465.

K Enterprises had 12 employees and roughly $2 million in annual revenue. Weaver said some of the employees, excluding executives, will join Grocers Supply.
 

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In