Wholesale Consolidation Likely: Noddle

The wholesaling business is “ripe for some consolidation,” Jeff Noddle, chairman and chief executive officer of Supervalu, Minneapolis, said at a financial conference yesterday, “whether we are involved or someone else is involved.”

NEW YORK — The wholesaling business is “ripe for some consolidation,” Jeff Noddle, chairman and chief executive officer of Supervalu, Minneapolis, said at a financial conference here yesterday, “whether we are involved or someone else is involved.” Some of the most likely potential wholesale targets may be member-owned cooperatives, he pointed out, “and while it’s difficult getting business away from them, it’s harder to get those member retailers to change to a conventional wholesaler — but

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