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C&S Wholesale Grocers plans to acquire Olean cooperative

C&S Wholesale Grocers Inc has signed an agreement to acquire Olean Wholesale Grocery Cooperative Inc, based in Olean NY. The sale is expected to close in early 2019.

Olean Wholesale, a New York cooperative corporation founded in 1922, is a full-service grocery wholesaler with a variety of food products as well as non-food, household and personal care items. The company services more than 270 independent food retail and convenience stores throughout New York, Pennsylvania, and northeast Ohio. Robert Ketchner, current CEO and president, will continue to manage the day-to-day operations, ensuring consistency for employees, customers and vendors.

“As proven by the nearly 100 years of success with Olean Wholesale’s premier service model, Bob and the Olean team have established themselves as outstanding operators in the wholesale food business,” said Mike Duffy, CEO of C&S. “We have admired Olean Wholesale and the impressive organization its talented employees have built and very much look forward to partnering with the Olean team to continue this tradition and to expand the solutions available to their customers with the additional strength and scale of C&S.”

Olean distributes all major product lines, including grocery, frozen, dairy, meat, produce, general merchandise, and health and beauty care.

RBC Capital Markets LLC served as financial advisor to Olean Wholesale, and Phillips Lytle LLP served as legal counsel to Olean Wholesale. Downs Rachlin Martin PLLC served as legal advisor to C&S.

C&S Wholesale Grocers, based in Keene NH, is the largest wholesale grocery supply company in the United States. Founded in 1918 as a supplier to independent grocery stores, C&S now services customers of all sizes, supplying approximately 7,700 independent supermarkets, chain stores, military bases, and institutions with more than 137,000 different products.

Access www.cswg.com or www.oleanwholesale.com for more information.

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