Supervalu has signed a definitive agreement with grocery retailer Coborn’s to sell eight stores of supermarket arm Hornbacher’s. Credit: Gregor.a.horvath.

US-based supermarket chain Supervalu has signed a definitive agreement with grocery retailer Coborn’s to sell eight stores of supermarket arm Hornbacher’s.

The eight locations are located in North Dakota. Seven of them are currently operational in the Fargo-Moorhead and Grand Forks regions, and one new store is currently under development in West Fargo.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Supervalu established the first location of Hornbacher’s as Ted’s Supervalu in Moorhead, Minnesota in 1951.

Supervalu CEO Sean Griffin said: “The sale of Hornbacher’s to Coborn’s is an ideal outcome for our associates and the Fargo-Moorhead community.

“The sale of Hornbacher’s to Coborn’s is an ideal outcome for our associates and the Fargo-Moorhead community.”

“As we previously discussed, our strategy is to focus on the wholesale business going forward, so finding a strategic buyer for Hornbacher’s with continued supply opportunity was a top priority.

“Coborn’s is a long-standing Supervalu wholesale customer and we’re excited that they will carry on the Hornbacher’s name and tradition of quality products and service.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The transaction is currently subject to customary closing conditions and will close before 25 December.

Following the completion, Coborn’s will continue to operate all the eight stores under Hornbacher’s banner.

The companies have not disclosed the agreement value.

In addition, Coborn’s will enter into a long-term agreement with Supervalu to serve as the primary supplier of the eight locations while Supervalu will sign an expanded supply agreement with Coborn’s. Both agreements will include minimum purchase requirements.

However, Supervalu will close the Hornbacher’s store in Grand Forks, North Dakota, which is not part of the transaction.

The supermarket chain will commence inventory liquidation for the store and will close it once the process concludes.