PEMBROKE, N.H. — Associated Grocers of New England here yesterday said it had agreed to acquire the assets Manchester Wholesale Distributors of Manchester, N.H. Terms were not disclosed. Manchester Wholesale is a convenience-store and foodservice distributor.
Raymond Tetu, the third-generation owner of Manchester Wholesale, was named to a newly created position of vice president of non-member business Development at Associated Grocers of New England. “This is an excellent opportunity to divest the company and join AG New England in a key role," he said in a prepared statement.
The agreement also includes an alliance with J. Polep Distribution Services (J. Polep) of Chicopee, Mass.
“The recent creation of an expanded division of AG New England that specializes in service to convenience retailers as well as the capacity of our state-of-the-art distribution center makes this partnership timely and logical,” said Michael Bourgoine, president and chief executive officer of AG New England.
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