Inside This Issue - News
Supervalu divesting 107 fuel centers
September 19th, 2011
EDEN PRAIRIE, Minn. – Supervalu Inc. says it will sell 107 fuel centers across the western half of the country to four separate companies.
The deals include the majority of fuel centers under the Albertsons, Cub Foods, Hornbacher’s and Jewel-Osco banners.
Executives say the sales, which are expected to be finalized this fall, will generate capital that will be used to strengthen Supervalu’s core business.
"As we execute on our strategic plan, we are continually reviewing all areas of our business to identify opportunities to strengthen our market position, reduce costs or generate capital that can be reinvested into the business," executive vice president of retail operations Pete Van Helden says. "These transactions help us further execute on our transformation plan, while also creating an opportunity for us to partner with major fuel retailers to bring broader fuel rewards programs to our customers."