Empire Company has acquired Farm Boy from Berkshire Partners and management shareholders for $618.31m.
The acquisition was funded by Empire subsidiary Sobeys through cash-in-hand and a $400m non-revolving credit facility.
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Empire will offer the private label products of Farm Boy through Sobey’s Ocado-based e-commerce business.
It is expected to be launched in the Greater Toronto Area in 2020.
Based in Canada, Empire Company is a conglomerate engaged in food, retail, and corporate investments, while Berkshire Partners is an American private equity firm.
Sleep Country has acquired Endy for C$89m ($66.98m).
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By GlobalDataThe company paid C$63.7m ($47.94m) in cash at closing and agreed to pay up to C$25m ($18.81m) in early-2021.
Contingent payments are subject to certain growth and profitability milestones to be achieved in 2020.
Sleep Country is a mattress retailer, while Endy is an online mattress and bedding products platform.
Both companies involved in the deal are based in Canada.
Tivity Health has agreed to acquire all the outstanding shares of Nutrisystem.
The shareholders of Nutrisystem will receive $38.75 per share in cash and 0.2141 Tivity Health shares for each Nutrisystem common stock.
Tivity Health shareholders will own approximately 87% of the pro-forma company on a fully-diluted basis. The acquisition is expected to be closed in the first quarter of 2019.
Tivity Health is an online fitness and health improvement platform, while Nutrisystem is a provider of weight loss products and services.
Both companies are based in the US.
PK Retail Holdings will acquire Good Food Holdings in a transaction worth $275m.
The 3,100 employees of Good Food Holdings will be retained without change upon completion of the acquisition.
PK Retail Holdings is a subsidiary of South Korean retail giant Shinsegae.
Good Food Holdings is a food retailer and wholesaler based in the US. The company owns Bristol Farms, Metropolitan Market, and Lazy Acres brands.
The acquisition is scheduled for completion in January 2019.
Walmart has completed the acquisition of the assets of Art.com.
The acquisition is scheduled for completion in January 2019.
The assets to be acquired under the transaction include intellectual property, retailer’s catalogue, trade name, and operations in the US.
Walmart will operate Art.com as a standalone business.
Walmart is a leading retailer dealing in foods, drinks, grocery, medical and wellness products, apparel, and lifestyle products.
Art.com is an e-commerce website featuring more than two million images.
The terms and conditions of the deal have not yet been disclosed,
Both the companies involved in the transaction are based in the US.
