Noddle Sees Wholesaler Consolidation

The wholesale segment of the food industry is ripe for consolidation, Jeff Noddle, chairman and chief executive officer of Supervalu, Minneapolis, said at a financial conference last week. Though it's unlikely Supervalu will be involved in any near-term consolidation among wholesalers, it is going to happen, Noddle told the 15th annual Goldman Sachs Global Retailing Conference. Member-owned

NEW YORK — The wholesale segment of the food industry is “ripe for consolidation,” Jeff Noddle, chairman and chief executive officer of Supervalu, Minneapolis, said at a financial conference here last week.

Though it's unlikely Supervalu will be involved in any near-term consolidation among wholesalers, it is going to happen, Noddle told the 15th annual Goldman Sachs Global Retailing Conference.

Member-owned cooperatives will be among the consolidation targets, he said.

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