Empire closes $800 mln acquisition of Berkshire’s Farm Boy
Empire Co Ltd (TSX: EMP.A) has completed its acquisition of Farm Boy Inc, an Ottawa-based retail grocer specializing in fresh produce, meat, bakery, cheese and kitchen-prepared items. The deal, announced in September, valued Farm Boy at $800 million. The seller was U.S. private equity firm Berkshire Partners, which invested in the company in 2012. Empire, a Stellarton, Nova Scotia-based food retailer, said Farm Boy Founder and co-CEO Jean-Louis Bellemare and co-CEO Jeff York will continue in their roles for the long-term.
11 December 2018•2 mins read
