Skip to main content

Cub Foods' owner Supervalu to be bought in $3 billion deal

The new owner is United Natural Foods.

Eden Prairie-based Supervalu, which owns companies including Cub Foods, is being bought in a $2.9 billion deal announced Wednesday.

The buyer is Rhode Island-based United Natural Foods, an organic and natural foods distributor, which will pay $32.50 per Supervalu share in cash and assume Supervalu's outstanding debt.

The newly-combined company will be led by UNFI CEO Steven Spinner.

And in a conference call, UNFI said that over time it would be selling Supervalu's retail businesses, which includes Cub Foods and Shop 'N Save.

These assets will be sold "in a thoughtful and economic manner," it added in the press release.

Supervalu, one of Minnesota's Fortune 500 companies, is the 5th largest food retailing company in the U.S. and employs 23,000 workers.

It counts more than 75 Cub Foods stores, most of them in Minnesota, among the 2,000-plus locations it owns across the U.S.

Find more news on Flipboard.

UNFI said the purchase will accelerate its growth strategy by bringing its organic foods to a wider audience at a time when consumers are demanding healthier, natural food options.

UNFI is the primary supplier for Whole Foods, the upmarket grocery chain owned by Amazon.

Next Up


Government official accused of stealing luggage at MSP Airport

Charges state Sam Brinton stole luggage with its contents valued at over $2,000.

Screen Shot 2022-11-29 at 12.09.28 PM

Developer plans 'modern European' condos for Minnetonka

City planners are set to review a concept plan Thursday.


Expect up to 8 inches in Twin Cities; another snowstorm next week?

The latest from Bring Me The News meteorologist Sven Sundgaard.


Northern long-eared bat moved from threatened to endangered list

Populations affected by white-nose syndrome have declined by 97% or more.


Court: Ex-cop who fatally shot Philando Castile had teaching license wrongfully denied

The Court of Appeals sent the application back for reconsideration by the board.

Screen Shot 2022-11-29 at 7.26.15 AM

Multiple crashes, spinouts in Twin Cities as snow falls Tuesday morning

The metro could get up to six inches of snow throughout the day.

Screen Shot 2022-11-28 at 5.39.25 PM

Couple critically injured in Kanabec County home attack identified

Jeff and Becky Ponto were found critically injured in their home Sunday morning.

police tape

Assault charges filed against Red Wing man shot by deputy

The reportedly suicidal man crashed his van into a power pole before he allegedly began chasing a deputy at the scene.

Winter scene snow storm snowfall highway driving traffic - Joe Nelson Feb 2022 4

Winter storm warning for Twin Cities: 6+ inches possible

The heaviest snow could move through the Twin Cities.

police lights

Carver man charged after standoff with police in Prior Lake

The man had been fleeing from police when he allegedly broke into a home and the standoff ensued.


With new owner planning a sell off, who will buy Cub Foods?

Current owner Supervalu is being bought for almost $3 billion.

Report: Cub Foods owner considering possible sale

Supervalu is assessing its options, according to Bloomberg.

Cub Foods is set to be sold early next year

The grocery chain's parent company is looking to offload the store network.

Cub Foods

Sale of Cub Foods pushed back 2 years

Cub Foods' owner says now is not the right time to sell the stores.

Cub Foods Broadway

Cub Foods commits to rebuilding its 2 riot-damaged Minneapolis stores

It also intends to open temporary stores at both locations to address food insecurity.

Cub Foods asks shoppers to no longer openly carry guns in stores

It's also banning the sale of e-cigs and vaporizers.