DOCSLIB.ORG

SOBEYS INC. to ACQUIRE THRIFTY FOODS Thrifty to Operate As Separate Division of Sobeys

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
SOBEYS INC. to ACQUIRE THRIFTY FOODS Thrifty to Operate As Separate Division of Sobeys NEWS RELEASE FOR IMMEDIATE RELEASE July 16, 2007 SOBEYS INC. TO ACQUIRE THRIFTY FOODS Thrifty to operate as separate division of Sobeys Stellarton, N.S. / Victoria B.C. – Sobeys Inc., its parent company, Empire Company Limited (TSX:EMP.A) and Thrifty Foods today announced that Sobeys and Thrifty Foods have entered into an agreement that will see Sobeys purchase the British Columbia-based grocery retailer. The transaction is based on an enterprise value of $260 million and is subject to adjustments for, among other items, assumed liabilities and working capital at closing. Upon closing, the deal will be immediately accretive to both Sobeys and Empire. “We are delighted to have entered into this agreement with Alex Campbell and Thrifty Foods,” said Bill McEwan, President & Chief Executive Officer, Sobeys Inc. “Thrifty’s is a very well respected and well run food-focused retailer with great management and a reputation for exceptional customer service.” Thrifty’s business includes 20 full-service supermarkets, a main distribution centre and a wholesale division on Vancouver Island and the Lower Mainland of British Columbia. “Over the last 30 years, working alongside a dedicated and talented group of people, we have built a market leader in the retail grocery business,” said Alex A. Campbell, Chairman, Thrifty Foods. “More recently, we have come to the realization that if we want to continue as the market leader, then we must commit to a new era of growth. I am very pleased to find, in Sobeys, a company that is committed to the long-term growth and success of Thrifty Foods.” The deal is expected to close during Sobeys’ and Empire’s second quarter following receipt of regulatory approval and completion of due diligence. /2 About Sobeys Inc. Sobeys Inc. is a leading national grocery retailer and food distributor. A wholly-owned subsidiary of Empire Company Limited (TSX:EMP.A), Sobeys owns or franchises more than 1,300 stores in all 10 provinces under retail banners that include Sobeys, IGA, Foodland and Price Chopper food stores and Lawtons Drug Stores. Sobeys Inc. is committed to providing the most worthwhile experience for its customers, employees, franchisees, suppliers and shareholders. More information on Sobeys Inc. can be found at www.sobeys.com. About Empire Company Limited Empire Company Limited (TSX: EMP.A) is a Canadian company headquartered in Stellarton, Nova Scotia. Empire's key businesses include food retailing and related real estate. With $5.2 billion in assets, Empire employs approximately 40,000 people directly and through its subsidiaries. More information about Empire Company can be found at www.empireco.ca. About Thrifty Foods Central Saanich B.C.-based Thrifty Foods is Vancouver Island’s largest private sector employer with 3,700 employees serving customers in 20 stores throughout the Island and B.C.’s Lower Mainland. Well-known for its superior customer service, staunch community support and a broad range of organic and other innovative food products, the company has been a favourite with customers since its inception in 1977. Thrifty Foods was recently re- named as one of Canada’s 50 Best Managed companies for the fourth year in a row. For More Information: Sobeys Investor Contact Empire Investor Contact Paul Jewer, C.A. Paul V. Beesley Senior Vice President Executive Vice President & Finance & Treasurer Chief Financial Officer (902) 752-8371 ext. 2220 (902) 755-4440 Sobeys Media Contact Thrifty Foods Media Contact Andrew Walker Michael Alexander Vice President Communications Manager Communications & (250) 483-1173 Corporate Affairs (905) 293-6711 .
Load more

Recommended publications
  • Fairfield and Gonzales Retail Demand Analysis: Victoria BC
    January 13, 2017 Fairfield and Gonzales Retail Demand Analysis Victoria, BC PREPARED BY: PREPARED FOR: Colliers International Consulting City of Victoria Table of Contents Table of Contents ......................................................................................................................................................... 1 Executive Summary .................................................................................................................................................... 2 Project Overview ........................................................................................................................................................ 3 Retail Villages .............................................................................................................................................................. 6 Retail Floor Space Context........................................................................................................................................ 16 Trade Area Delineation .............................................................................................................................................. 17 Retail Market Analysis ............................................................................................................................................... 18 Cook Street Village ................................................................................................................................................ 18 Ross Bay Village ...................................................................................................................................................
    [Show full text]
  • Product Recall Notice
    PRODUCT RECALL To Our Valued Customers: The Canadian Food Inspection Agency (CFIA) have posted a recall by Levitts Foods (Canada) Inc. for Compliments brand Roast Beef, Compliments brand Corned Beef, Compliments brand Smoked Beef Pastrami, Compliments brand Smoked Eye of the Round Pastrami and Compliments brand Montreal-Style Smoked Meat described below due to possible Listeria monocytogenes contamination. The following product is impacted by this recall: Brand Product Format UPC Best Before Region/Banners affected Compliments Smoked Eye 175g 0 68820 All best before Quebec- IGA, IGA extra, IGA express of the Round 13355 1 dates up to Marchés Bonichoix, Les Marchés Tradition, Pastrami and including Bonisoir, Omni, Voisin 2021/JA/22 EST 48 Compliments Corned Beef 175g 0 68820 All best Atlantic – Sobeys, Foodland and participating C 13356 8 before dates Co-op up to and Ontario – Sobeys, Foodland, FreshCo, Price Including Chopper, Voilà by Sobeys 2021/JA/22 West – Sobeys, Safeway, IGA, Thrifty Foods, EST 48 FreshCo Compliments Smoked Beef 175g 0 68820 All best Atlantic – Sobeys, Foodland and participating C Pastrami 13360 5 before dates Co-op up to and Ontario – Sobeys, Foodland, FreshCo, Price including Chopper, Voilà by Sobeys 2021/JA/22 West – Sobeys, Safeway, IGA, Thrifty Foods, EST 48 FreshCo Compliments Roast Beef 175g 0 68820 All best Atlantic – Sobeys, Foodland and participating C 13358 2 before dates Co-op up to and Ontario – Sobeys, Foodland, FreshCo, Price including Chopper, Voilà by Sobeys 2021/JA/22 West – Sobeys, Safeway, IGA,
    [Show full text]
  • North Shore Grocery Store List Updated September 3, 2020
    North Shore Grocery Store List Updated September 3, 2020 The North Shore Population Health Team is working with the North Shore Emergency Operations Centre Food Security Section to update this listing of grocery resources available during the Covid19 response. See the information online at: https://nsem.info/resources or see the details in a google map at http://www.tablematters.ca/. Email [email protected] with updates or additions. Services Available Note: some stores charge a processing/delivery fee ranging from $3.99 - $15.99. See store website for more Name Delivery and Pick Up Optionsdetails Website Phone Number Store Hours/Seniors Hours Address Seniors Online Home Pick-Up Shop-by- shopping Delivery Order Phone Shop online for BC ONLY brands and products. Weekly order cut-off is Wednesday at BCLocalRoot.ca Free grocery pickup ($50 minimum) or delivery - BCLocalRoot.ca - 105 – 828 Harbourside Drive midnight. ($75 minimum) available. producetoyourdo Grocery delivery. No minimum order. No Order cut off is 5pm for next day delivery - - https://producetoyourdoor.ca/ - [email protected] or.ca delivery fee. (Mon-Fri) Monday - Friday: 8am-8 pm SPUD.CA Grocery delivery - - https://www.spud.ca (604) 215-7783 1660 E Hastings St, Vancouver Weekends: 10am-7pm Order online for curb-side pickup. Seniors can Monday - Sunday 8am-10pm Choices Market - https://shop.choicesmarkets.com/ (604) 770-2868 500-801 Marine Dr, North Vancouver shop by phone 604-770-2868. Seniors hours daily 8am-9am (604) 926-2550 Monday - Saturday: 7am-9pm 5385 Headland Drive, West Vancouver Delivery may be available after purchase made (604) 988-6645 Sunday: 7am-7pm 780-2601 Westview Drive, North Vancouver Safeway - - - http://safeway.ca in store (604) 924-1302 Seniors hours daily 7-8am 1175 Mount Seymour Road, North Vancouver (604) 980-3316 Store hours vary slightly by location 1170 27 Street E, North Vancouver Curbside pickup available.
    [Show full text]
  • Measurement Canada Banner Table
    Measurement Canada Banner Table Note: The Establishment's Legal Business Name as indicated on its business licence must always be recorded in the "Establishment Name" field of the Inspection Certificate and not the legal banner name of the franchise, unless this is the business name under which the establishment operates. If so, legal banner names have been supplied for this purpose. The banner (column 1) is to be entered in the "Banner" field of the inspection certificate. Banner Legal Name 3M 3M Worldwide 7-11 7-Eleven Inc. A&M A&M Group Inc. A&H A&H Petroleum Services Ltd. A&P The Great Atlantic and Pacific Tea Company A1 Autogas Autogas Propane Ltd. Abitibi Bowater Abitibi-Consolidated Inc. and Bowater Incorporated Acklands Acklands-Grainger Inc. ACT Advanced Clutch Technology Inc. ACTION PLUS Action Plus Active Tire Active Tire & Auto Centre Inc. AGORA Marchands en alimentation AGORA Agricore Agricore United Agropur Agropur Cooperation Aikenheads Aikenheads Constuction and Design Inc. Air Canada Air Canada Air Consol Sol Air Consultants Inc. Aki Sushi Aki Sushi Bar AWP Alberta Wheat Pool Inc. Alcan Alcan Inc. ALIGRO ALIGRO Demaurex & Cie SA All West All West Supermarket Allied Allied Ready Mix Ltd. (B.C.) Alta Sugar Alberta Sugar Co. Ltd. AMICAL Amical Automobiles Inc. Amoco Amoco Canada Petroleum Co. Ltd. ANIMAX Animax Anne Louise Anne Louise Jewellers Ltd. ARC EN CIEL Aluminium Acr-En-Ciel Arco Arcotronics America Inc. ASG Associated Grocers ASL ASL Paving Ltd. ASTRO Parmalat Dairy & Bakery Inc. Atlas Atlas Auto Parts Atwood Atwood Cheese Co. Ltd. Auto Place Garage André Coursol Enr.
    [Show full text]
  • JIM DORES APPOINTED PRESIDENT of THRIFTY FOODS Milford Sorensen to Retire After Seven Years with Company
    FOR IMMEDIATE RELEASE January 5, 2011 JIM DORES APPOINTED PRESIDENT OF THRIFTY FOODS Milford Sorensen to retire after seven years with company Victoria, BC – Sobeys Inc. has appointed company and grocery industry veteran Jim Dores as President of Thrifty Foods. Dores takes over from Milford Sorensen who will retire on February 1. This planned transition sees Dores join Thrifty Foods from Sobeys’ Ontario business, where he was Senior Vice President and General Manager of the company’s community banner and wholesale business. In his career, which has spanned more than 35 years, Dores has held progressively senior leadership roles in marketing, merchandising, wholesale and operations functions. In his most recent position he led the realignment and growth of Sobeys 160-store Foodland banner as well as the growth of its important wholesale business in Ontario. “Jim is a seasoned, highly-qualified food retailer with a solid reputation in the industry and is an absolutely great fit for Thrifty Foods,” said Bill McEwan, President & CEO, Sobeys Inc. “We are delighted to have someone of Jim’s knowledge, experience and proven capability to lead our important Thrifty Foods division going forward.” In his new role, Dores will apply his experience and leadership, in conjunction with the Thrifty Foods management team and employees, to continue delivering the great food shopping experience and connection with the community that customers have come to expect from Thrifty Foods. Milford Sorensen joined Thrifty Foods in 2004 with more than 40 years in the grocery retail industry across Canada. “In his time with Thrifty Foods, Milford has played a critical role in driving the growth and development of the Thrifty Food’s brand as the leading grocery retailer on Vancouver Island, said McEwan.
    [Show full text]
  • Annual Information Form
    ANNUAL INFORMATION FORM Year Ended May 2, 2020 June 30, 2020 TABLE OF CONTENTS FORWARD-LOOKING INFORMATION ................................................................................................. 1 CORPORATE STRUCTURE ................................................................................................................. 2 Name and Incorporation ............................................................................................................. 2 Intercorporate Relationships ....................................................................................................... 2 DESCRIPTION OF THE BUSINESS ..................................................................................................... 3 Food Retailing ............................................................................................................................ 3 Investments and Other Operations ............................................................................................. 6 Environmental, Social and Governance...................................................................................... 6 Other Information ....................................................................................................................... 8 GENERAL DEVELOPMENT OF THE BUSINESS ............................................................................... 10 Focus on Food Retailing .......................................................................................................... 10 Investments and Other Operations
    [Show full text]
  • Popular Merchants That May Qualify for Scotia Momentum® VISA Infinite* Cash Back
    Popular Merchants ╪ that May Qualify for Scotia Momentum ® VISA Infinite* Cash Back 4% 4% 2% Grocery Stores & Supermarkets Service Stations & Automated Fuel Drug Stores And Pharmacies (Code 5411) Dispensers (Code 5912) (Codes 5541 & 5542) A & P 7 - Eleven Consumer Choice Pharmacy Asian Food Center Amco IDA Askew's Foods Canadian Tire Gas Bars Jean Coutu Atlantic Wholesalers Cango Lawtons Drugs Store Bidgoods Centex London Drugs Brunos Fine Foods Chevron Macquarries Drugs Ltd Buy Low Foods CO-OP Gas Bars Main Drug Mart Canada Safeway Couche Tard Medicine Shop Choices Market Crevier Murphy's Pharmacy Colemans Food Centre Drummond's Gas No Frills Drugs CO-OP Esso Peoples Drug Mart Cooper's Foods Fas Gas Pharma Plus Country Grocer Flying J Pharma Prix Dominion Fortino's Gas Bars Pharma Save Drugs Extra Foods Gale S Gas Bar Pharmx Rexall Fairway Market Gas Bar Rexall Drug Store Farm Boy Gasrite Shoppers Drug Mart Food Basics Husky Super Drug Mart Foodland Irving Oil The Medicine Shoppe Fortinos Loblaw Gas Bars Uniprix Grocery Gateway Macewen Valley Drug Mart Hannam Supermarket Mac's Gas Bar Highland Farms Mohawk IGA Mr. Gas Kin's Farm Market N. Atlantic Pet. Les Aliments M&M No Frills Gas Bar Loblaws Olco Loebs Petrocan Longo's Pioneer M & M Meat Shops Save On Foods Gas Bars Maxi Scholten's Metro Shell Michael - Angelo's Market Short Stop Gas Bars Moncion Grocers Sobey's Fast Fuel Needs Sunoco Nester's Market Sunys Overwaitea Food Super Save Gas Pete's Frootique Superstore Gas Bar Planet Organic Ultramar Powell's Supermarket Western Petroleum
    [Show full text]
  • The Retail Landscape of Canada Retail Foods Canada
    THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 2/21/2017 GAIN Report Number: CA17002 Canada Retail Foods The Retail Landscape of Canada Approved By: Jeff Zimmerman Prepared By: Maria A. Arbulu Report Highlights: In 2016, Canada’s 36.2 million consumers generated US$397 billion (C$529.5 billion) in retail sales, representing a 3.5 percent increase from 2015. Food and beverage sales in Canada account for 17 percent of the retail landscape with 2016 sales valued at US$86 billion (C$115 billion). This report provides an overview of the Canadian retail food sector for U.S. food producers that are exploring opportunities to export their products to Canada. In 2016, U.S. agricultural exports surpassed $20 billion to Canada, with $16 billion or nearly 80% comprised of high-value consumer food products (HVP). Canada accounts for over one-fourth of all U.S. HVP food exports, double the value of the second leading market, Mexico, or equal to the combined Asian markets of Japan, Hong Kong, South Korea, China, and Taiwan. The report does not include information on alcoholic beverages. Post: Ottawa Table of Contents Overview of U.S. Agricultural Products in Canada ........................................................................ 3 Section 1: Market Summary .......................................................................................................... 4 1A. The Food Sector in Canada’s Retail
    [Show full text]
  • Legal Name Operating Name
    Legal Name Operating Name The Food Retailers Buy-Low Foods Limited AG Foods, Buy-Low Foods, Buy & Save Foods, Fine Foods, G&H Shop N' Save, Nesters Market Partnership Loblaws Inc. At the Pumps, Atlantic Gas Bars, Dominion, Extra Foods, Joe Fresh, Loblaws, Loblaws à Plein Gaz, Maxi, Maxi & Cie, Provigo, Real Atlantic Superstore, Real Canadian Liquor Store, Real Canadian Superstore, Western Gas Bars, Zehrs, pharmacies in franchised locations (IR, Fortino's, No Frills, Save Easy, Your Independent Grocer, Value-Mart) Metro Ontario Inc. Drug Basics, Food Basics, Metro, Super C, The Pharmacy Overwaitea Food Group Limited Parternership Cooper's Foods, Overwaitea Foods, PriceSmart Foods, Save-On-Foods, Urban Fare Sobeys Capital Incorporated Candico Food Markets, Canada Safeway, Canada Safeway Liquor Store, Fast Fuel, Foodland, Freshco, IGA, IGA Extra, Les Fiduciaries, Needs Convenience Store, Price Chopper, Rachelle-Béry, Sobeys, Sobeys Québec Secteur Pétrole, Thrifty Foods, Tradition, Western Cellars The Department Stores (including concessions) Hudson's Bay Company Home Outfitters/Déco Découverte, The Bay/ La Baie, Zellers Sears Canada Inc. Sears, Sears Home Stores, Sears Hometown Stores, Sears Outlet Wal-Mart Canada Corp Walmart The Other Non-Food Retailers American Eagle Outfitters Canada Corporation Aerie, American Eagle Outfitters Apple Canada Inc. Apple Store Bed Bath & Beyond Canada L.P. Bed, Bath & Beyond, Buy Buy Baby Best Buy Canada Ltd. Best Buy Birks Group Inc. Birks BoutiqueMarie Claire Inc. Boutique Marie Claire, San Francisco, Terra Nostra Brewers Retail Inc. The Beer Store Canadian Tire Corporation Limited Canadian Tire, Canadian Tire Gas Bar, Partsource Chevron Canada Limited Chevron Canada Costco Wholesale Canada Ltd.
    [Show full text]
  • Participating Merchants
    Participating merchants* where you can earn 1 RBC Rewards point for every $1 spent on all Gas, Grocery and Drug Store Purchases when you pay with your RBC Rewards+™ Visa‡ credit card. Service Stations & Automated Grocery Stores and Supermarkets Drug Stores And Pharmacies Fuel Dispensers (MCC 5411) (MCC 5912) (MCC 5541 & 5542) 7-Eleven Asian Food Center Classic Care Pharmacy Canadian Tire Gas Bars Askew's Foods CVS Pharmacy Centex Atlantic Wholesalers Diamond Athletic Medical Chevron Bidgoods Familiprix Circle K Brunos Fine Foods Finlandia Natural Pharmac Columbia Fuels Buy-Low Foods G & E Pharmacy Limited Co-Op Gas Canada Safeway Green Valley Pharmacy Couche-Tard Choices Market Lawton Drug Crevier Colemans Food Centre London Drug Domo Gas Co-Op Main Drug Mart Drummond's Gas Coopers Foods Mckesson Specialty Esso Coppa's Fresh Market Medical Pharmacies Group Exxon Country Grocer Medicine Shoppe Fas Gas Dominion Medisys Fuelco Extra Foods People's Drug Mart Gale's Gas Bars Fairway Market Pharmacie Brunet Gas Bar Farm Boy Pharmacie Jean Coutu Global Fuels Food Basic Pharmasave Husky Foodland Pharmprix Irving Station Foody Mart Proxim Loblaw Gas Bars Fortinos Remedy's Rx Macewen Petroleum Freshco Rexall Macs Gas Bars Galleria Supermarket Rite Aid Mr. Gas Grocery Gateway Shoppers Drug Mart North Atlantic Petrol Hannam Supermarket Total Health Pharmacy Paz Fuels Highland Farms Uniprix Petro-Can H-Mart Walgreens Petro-T Iga Well.Ca Pilot Station Kin's Farm Market Pioneer Fuels Les Aliments M&M Safeway Gas Bars Loblaws Shell Longos Sobey's Fast Fuel Lucky Supermarket Sunoco M&M Meat Shop Super Save Gas Maxi Top Valu Metro Ultramar Michael - Angelo's Market W.O.
    [Show full text]
  • Product Recall Notice
    PRODUCT RECALL To Our Valued Customers: The Canadian Food Inspection Agency (CFIA) has updated information on their website as Sobeys Inc. is proactively removing Compliments fresh-cut vegetable products described below due to possible Listeria monocytogenes contamination. The following products are impacted by this recall: Product Size UPC # Codes Compliments Sweet Kale Blend 255 g 0 68820 13305 6 BEST BEFORE 19 OC 28 19 OC 31 19 NO 01 19 NO 02 19 NO 03 Vegetable Platter with a Ranch Dip 680 g 0 55742 53490 0 All units sold up to and including October 31, 2019 Broccolini 170 g 0 68820 13307 0 All units sold up to and including October 31, 2019 Cauliettes – Chopped Cauliflower 397 g 0 68820 13254 7 All units sold up to and including October 31, 2019 Power Green Blend 284 g 0 68820 13304 9 All units sold up to and including October 31, 2019 Green Beans 340 g 0 68820 10625 8 All units sold up to and including October 31, 2019 These products have been sold in the following regions and store banners: West – FreshCo, IGA, Safeway, Sobeys, Thrifty Foods Ontario – Foodland, FreshCo, Price Chopper, Sobeys Atlantic – Coop, Foodland, Sobeys To eliminate any potential risk to our customers, these products were removed from our store shelves across the country effective October 31, 2019. Customers are asked to destroy any of the products impacted by the recall and bring a receipt or product label back to the store where purchased for a full refund. For more information, contact: Canadian Food Inspection Agency Canadian Food Inspection Agency at Toll Free 1-800-442-2342 For information, visit http://www.inspection.gc.ca Sobeys Customer Care Customer Care Team Number Compliments 1-866-672-0061 (8:00 a.m.
    [Show full text]
  • East Whatcom Food Landscape Assessment
    East Whatcom Food Landscape Assessment A Comprehensive Snapshot of Food Access in East County Prepared by Aly Robinson, MPHc Community Health Specialist Whatcom County Health Department Spring 2019 Acknowledgments This assessment would not have been possible without the support and guidance of advisors and colleagues at the Whatcom County Health Department and the University of Washington. This work could not have been conducted without the input and participation of the East Whatcom Community. This report was advised by Astrid Newell, MD, Community Health Manager and Ali Jensen, MPH, Program Specialist, at the Whatcom County Health Department. Taylor Lewis, AmeriCorps Vista member with the Health Department also assisted with NEMS survey data collection. In addition to the Healthy Communities Team, this assessment includes Mt. Baker School district data because of the diligent and hardworking Health Information and Assessment (HIA) team at the Health Department. I appreciate your work, willingness to talk through data challenges, and support of this assessment. Holly O’Neil, Foothills Community Food Partnership Steering Committee member, advised this project. Her input and experience was essential to crafting an articulate, well formulated report. Ian Painter, PhD, at the University of Washington provided support and oversight of this project. His time and support was valuable in the completion of this report. All members of the Foothills Community Food Partnership Steering Committee have shared valuable input and this assessment would not have been possible without their support and community leadership. Please know the time and energy you spent on this work is very much appreciated. Lastly, thank you to all of the residents of East County.
    [Show full text]