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.

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