Robesonia based Associated Wholesalers, Inc. (“AWI”), a regional cooperative food distributor, announced Tuesday that it has entered into an asset purchase agreement with C&S Wholesale Grocers (“C&S”) to which C&S will acquire substantially all of AWI’s assets, including its White Rose distribution business.
C & S Wholesale Grocers, Keene, N.H. is the largest whole grocery-supply company in the U.S. It operates a warehouse in Blandon.
To facilitate the transaction process, AWI and its subsidiaries, including White Rose, filed voluntary petitions Tuesday for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. This action is expected to provide for an orderly sale of the AWI businesses under Section 363 of the Bankruptcy Code.
AWI and White Rose are expected to continue operating in the normal course during the sale process.
CEO and AWI president Matthew R. Saunders, stated that the focus of the company remains on serving customers.
The purchase price for any deal was not disclosed.