Roundy's Supermarkets for Sale

Roundy's Supermarkets for Sale

MILWAUKEE — Nine years after it was taken private by its current owner, Roundy's Supermarkets here is for sale, industry sources told SN.

MILWAUKEE — Nine years after it was taken private by its current owner, Roundy's Supermarkets here is for sale, industry sources told SN.

The company's Chicago-based owner, Willis Stein & Partners, has hired Moelis & Co., a New York-based investment bank, as a financial advisor, along with Credit Suisse, one source said, confirming a report that appeared last week on thedeal.com [4]. Moelis officials declined comment, and Roundy's could not be reached for comment.

Observers estimated an asking price of about $1.2 billion, with the eventual buyer more likely to be a strategic player than another investment firm — possibly Kroger Co. [5], Cincinnati; Schnuck Markets [6], St. Louis; or Safeway [7]-owned Dominick's.

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Roundy's, ranked 36th in SN's Top 75 North American retailers [8], operates 155 stores: 96 under the Pick ’n Save banner in Wisconsin (including two upscale Metro Markets); 26 Copps Food Stores, also in Wisconsin; 32 Rainbow Foods stores in Minnesota; and a single unit of Mariano's Fresh Market just outside Chicago.