NEW ALBANY – Union Grocery, a grocery distributor established nearly 60 years ago, has been acquired by a Louisiana company.
Imperial Trading Co. of Elmwood, La., said Wednesday that Union Grocery would operate as a division of ITC. The roughly 45 employees will remain with the company, and ITC spokesman said.
“There are no current plans to change the employee count,” said Keith Beba. “Imperial believes that Union Grocery was a strong company which could be grown, thus our purchase of it.”
Terms of the private deal were undisclosed.
Imperial said the acquisition will allow it to become the nation’s ninth-largest convenience store wholesaler and one of the largest private companies in the region. Imperial is an affiliate of Georges Enterprises LLC.
Company officials said buying Union would allow Imperial to expand its service area, including the entire state of Mississippi and more of Tennessee.
Union Grocery was founded in 1952. Billed as a full-service grocery company, it serviced large supermarkets and convenience stores.
Imperial’s last acquisition was Harrison Co. of Shreveport, La., in 2008.
With about $1 billion in annual sales, Imperial services more than 3,000 retailers in a nine-state region.
NEMS Daily Journal