Fresh Brands Inc has completed its merger with an affiliate of the grocery wholesale cooperative Certified Grocers Midwest Inc.
Under terms of the merger agreement, Fresh Brands' shareholders will receive in cash $7.05 for each share of Fresh Brands common stock they own.
Sheboygan WI-based Fresh Brands is a supermarket retailer and grocery wholesaler with 74 franchised supermarkets, 20 corporate-owned supermarkets, and two corporate-owned convenience stores. All of these are served by two distribution centers and a central bakery/deli production facility.
Certified Grocers Midwest is a member-owned grocery wholesale cooperative that serves about 200 independent retail stores, mainly in Illinois, from a 67-acre distribution center in Hodgkins IL.