Penn Traffic Sells Wholesale Business to C&S

Penn Traffic Co. said last week it has agreed to sell its wholesale business to C&S Wholesale Grocers, Keene, N.H., for about $43 million in cash. The wholesale segment has been considered the most solid part of Penn Traffic's operations, industry observers told SN last week. Penn Traffic said it will use the proceeds from the deal with C&S and from the previously announced sale

SYRACUSE, N.Y. — Penn Traffic Co. here said last week it has agreed to sell its wholesale business to C&S Wholesale Grocers, Keene, N.H., for about $43 million in cash.

The wholesale segment has been considered the most solid part of Penn Traffic's operations, industry observers told SN last week.

Penn Traffic said it will use the proceeds from the deal with C&S and from the previously announced sale of two stores to Price Chopper Supermarkets to pay down

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