SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: E_K_S9/29/2010 3:47:56 PM
  Read Replies (2) of 78690
 
UPDATE 2-Kroger eyeing private label companies

* Has made offers for plants that make private label goods
reuters.com

From the article:"...Kroger Co (KR.N), the largest U.S. supermarket chain, said it is interested in acquisitions and has approached private label manufacturers, but some potential targets want too much for their assets.

"People who are selling still have some idea of a big multiple in their head," Kroger Chairman and Chief Executive David Dillon said on Wednesday at the company's investor conference, which was webcast.

Executives said that the company would like to buy a plant that produces lower-cost private label goods -- which have become more popular in the United States as consumers look to save money -- and that Kroger has made a couple of unsuccessful offers, including one that faltered over competitive concerns.

The company did not mention specific names in its comments about acquisitions...."

=================================================================

Any possible ideas for buy out candidates?

Paul - Didn't you buy a private label food company earlier this year? Could they be on KR's radar screen?

EKS
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext