Consumer & Retail | Mergers & Acquisitions

Foodarama Stores Sold to Grand Union

  • Foodarama Supermarkets, Inc. (AMEX: FSM) is a leading regional owner and operator of Shop-Rite supermarkets with over $1 billion in annual sales
  • TM Capital was retained by Foodarama to pursue the divestiture of the company’s Long Island, NY supermarkets
  • TM Capital completed the sale of this division to Grand Union Co. for $20 million in cash

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