MINNEAPOLIS — Supervalu here on Wednesday said it had agreed to sell its supply-chain management subsidiary, Total Logistic Control, to Ryder Integrated Logistics. A purchase price was not disclosed, and the deal is expected to close on Dec. 31.
Supervalu acquired TLC in 2005 for $233 million as it sought to bolster its third-party logistics services business. Supervalu since then has become more focused on its retail operations.
Ryder, based in Miami, said it intends to retain the current TLC management and employee base.
"Today's announced acquisition of TLC by Ryder positions TLC to become part of a company that will take them to the next level of expansion and growth in their field of expertise servicing CPG companies," Janel Haugarth, executive vice president of Supervalu and president and chief operating officer of Supervalu supply chain services, said in a statement.
"Supervalu will continue to focus its efforts on becoming America's neighborhood grocer and providing supply chain expertise and services to our independent and owned stores," she said.
