Ukrop’s Super Markets seeks a buyer?
- July 14, 2009
Ukrop’s Super Markets Inc., one of Richmond’s most successful and well-loved grocery store chains, is reportedly seeking a potential buyer, according to a grocery store trade publication.
Best-Met Publishing Online, the Web site for Maryland-based Food World, reported today that the family-owned chain of 28 Virginia stores has issued a prospectus to gauge interest in a possible sale. According to Food World, “multiple industry sources” confirmed the prospectus and said that several grocery store chains are interested including Supervalu (Ukrop’s principal supplier), Netherlands-based Ahold and Harris Teeter (Ruddick Corp.), located in Matthews, N.C.
Until this year when it was edged out by Food Lion, Ukrop’s had reigned as the market leader in Richmond for decades. Founded in 1937 by Joe and Jacquelin Ukrop, the chain is known for its high level of service and its policy of not selling beer and wine or being open on Sunday. CEO Bobby Ukrop and brother Jim Ukrop, who served as CEO for years before becoming chairman of First Market Bank, could not be reached for comment.