Penn Traffic to Sell Wholesale Business to C&S

Penn Traffic Co. said yesterday it has entered into a definitive agreement to sell its wholesale business operations to C&S Wholesale Grocers, Keene, N.H., for approximately $43 million — a transaction Penn Traffic said will enable it to focus on retail stores and customers and to dramatically improve its capital structure.

SYCACUSE, N.Y. — Penn Traffic Co. here said yesterday it has entered into a definitive agreement to sell its wholesale business operations to C&S Wholesale Grocers, Keene, N.H., for approximately $43 million — a transaction Penn Traffic said will enable it to focus on retail stores and customers and to dramatically improve its capital structure.

The chain’s wholesale operation supplies more than 120 independently operated Bi-Lo, Big M and Riverside Market stores and other i

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