Analysts say it has focused on large, growing chains over the last decade and has largest operations on the east and west coasts.
The company was founded in Mike Nichols, Grocers Supply's chief operating officer, said existing management will stay in place and he does not expect any job cuts in the Houston area.
In a statement, Grocers Supply president Max Levit said the family will assist with the transition and then focus on running its grocery stores, including the Fiesta Marts and a smaller number of Food Town and Food Fair stores.
He said the family decided that "selling the wholesale business would be in the best interest of its stakeholders. Now, with it being sold, some of that business may be in transition for the first time in decades.
Grocery analyst David Livingston with Wisconsin-based DJL Research said many independent stores in Texas likely felt comfortable working with a long-established Texas-based company.
The synergies between the two companies with deep Texas roots and strong community ties will provide resources to better serve our customers and employees in the. With a coverage area of over 10 states, Grocery Supply Company is making strategic growth strides despite the difficulties of GSC is not only devoted to its employees and customers, but also, its community.
GSC would also like to give a special thanks to Bulkley Capital for their assistance with this transaction. Selected Assets. Local News. This facility has been expanded several times and now covers more than , square feet. The company operates 4 satellite warehouses in Houston. Today, The Grocers Supply Co. Our fleet consists of over tractors, over trailers and more than 2, employees. Joe Levit based his business on helping his customers operate at a profit and in treating all of his employees in a respectful and appreciative way.
Some people called him Papa Joe, others called him Mr. Joe, but we all thank him for dedicating his life to The Grocers Supply Co.
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