B. Green agrees to sell military grocery business Company to keep other operations

December 08, 1992|By Ross Hetrick | Ross Hetrick,Staff Writer

`TC B. Green & Co., a major Maryland wholesale grocery operation, has agreed to sell its military grocery distribution business to Nash Finch Co. of Minneapolis for an undisclosed amount.

In a statement yesterday, Nash Finch said it planned to operate B. Green's military business as a separate division distributing wholesale grocery products to military bases, commissaries and exchanges in the mid-Atlantic region.

A closely held company based in Arbutus, B. Green will keep all of its civilian business, according to the Nash statement. B. Green officials were not available for comment yesterday.

The acquisition is expected to be closed later this month, the release said.

Nash Finch distributes a full line of food and non-food grocery items. It owns and operates supermarkets and warehouse stores, including Farm Fresh and Piggly Wiggly, in 24 states. The company, which has about 11,000 workers, had sales of $2.3 billion last year and income of $19.1 million.

Founded in 1915, B. Green was listed among the country's 400 largest private companies in the Dec. 7 issue of Forbes magazine. With $525 million in revenues and 1,000 employees, the company was ranked 329 on the Forbes list. That was down from a ranking of 263 last year, when the company's revenues were listed as $675 million, according to the magazine.

The company primarily supplies military-based stores and smaller grocery store chains.

In the past several months, B. Green has worked toward consolidating its five warehouses at the old Channel Home Center warehouse in Perryman in Harford County.

The 575,000 square feet of warehouse space includes a planned 125,000-square-foot frozen food storage area. The new warehouse operation is expected to employ about 200 people.

The way for the new warehouse was paved by a $100,000 loan from the Harford County Council and the county's support in obtaining a $900,000 loan from the state government.

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