LONGO'S PURCHASES GROCERY GATEWAY

TORONTO -- Longo Brothers Fruit Markets here last week said it agreed to acquire Grocery Gateway after that online food retailer filed for receivership, Anthony Longo, president of Longo's, told SN. Longo's will reportedly pay $6.96 million Canadian (about $5.3 million U.S.) in the transaction, which is similar to a pre-packaged bankruptcy reorganization.Longo's, a family-owned chain with 14 stores

TORONTO -- Longo Brothers Fruit Markets here last week said it agreed to acquire Grocery Gateway after that online food retailer filed for receivership, Anthony Longo, president of Longo's, told SN. Longo's will reportedly pay $6.96 million Canadian (about $5.3 million U.S.) in the transaction, which is similar to a pre-packaged bankruptcy reorganization.

Longo's, a family-owned chain with 14 stores here, previously had a partnership with Grocery Gateway in which orders were picked fr

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