HOMELAND COMPLETES SALE TO AWG

OKLAHOMA CITY -- Homeland Stores here said it has completed the sale of 29 stores and its warehouse complex to Associated Wholesale Grocers, Kansas City, Kan. Under terms of the sale, AWG paid Homeland $45 million, plus the value of inventory in the warehouse and in the 29 stores. The sale will enable Homeland to refocus on its core retail business and reduce debt burden and fixed operating costs,

OKLAHOMA CITY -- Homeland Stores here said it has completed the sale of 29 stores and its warehouse complex to Associated Wholesale Grocers, Kansas City, Kan. Under terms of the sale, AWG paid Homeland $45 million, plus the value of inventory in the warehouse and in the 29 stores. The sale will enable Homeland to refocus on its core retail business and reduce debt burden and fixed operating costs, said James Demme, president and chief executive officer of Homeland. For AWG, the additional

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